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one of our financial advisors says of gold

In 1850 the price of an ounce of gold would buy a nice suit.
In 1900 the price of an ounce of gold... would buy a nice suit.
In 1950 the price of an ounce of gold... would buy a nice suit.
In 2000 ...
well, you get the picture. :)

I am sure the analogy's not original to him, but it makes the point: gold is basically a terrible investment, no matter the circumstances.
It is OK to hold a little as part of a balanced portfolio, though.


all the best,
mrh

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