– Got gold?
If not, maybe this is the year to get some
While the last five months haven’t been great, with the price off by about 19%, look back over the last few decades and you will see that being a gold bug has been very much a winning strategy. Physical gold has outperformed the US stock market since 2000 and is up close to 122% over the last five years. The long-term story of gold holds.
As a place to store wealth, it’s more important than ever. And with the rise of exchange-traded funds, gold has never been easier to invest in. “To touch gold is as close as you will ever come to touching eternity,” comedian and British financial commentator Dominic Frisby aptly put it in The Secret History of Gold. It does not corrode or tarnish.