tag:blogger.com,1999:blog-6616959642391988608.post9186116963560978939..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Gold and the FedScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-15522944932995941452022-01-10T12:27:52.442-08:002022-01-10T12:27:52.442-08:00Thanks for sharing. One of the more interesting a...Thanks for sharing. One of the more interesting articles I read on inflation looked at the 1800's when gold was money. During the 1800's, despite swings in inflation the cumulative average inflation rate was -0.5% (i.e. long term deflation due to factors like the industrial revolution). The other way of stating this is that gold essentially gained 0.5% in value per year during the 1800Junkyard_hawg1985https://www.blogger.com/profile/18114117558513498514noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11088555194202443972022-01-08T13:10:40.678-08:002022-01-08T13:10:40.678-08:00As I have gained more investment experience, I hav...As I have gained more investment experience, I have settled on several asset classes, and don't do much investing in smaller groups than these classes. I have done some, however, including "gold" investing, but through a fairly diversified mutual fund. It was/is a combination of the metal and mining assets, and also includes other precious metals.<br /><br />If I get an inflation &wkevinwhttps://www.blogger.com/profile/17600473578823788550noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25487010925959569012022-01-08T04:02:57.517-08:002022-01-08T04:02:57.517-08:00Fascinating commentary.
IMHO, gold is dubious, i...Fascinating commentary. <br /><br />IMHO, gold is dubious, in the same way diamonds, or rare oil paintings, silver, Bitcoin or a 1959 Impala are dubious. <br /><br />The value is not based on a stream of income that can be produced, but on elusive investor sentiment. If enough people concur gold is worth something and an inflation hedge...then it is true. <br /><br />Same for Bitcoin, btw. But ifBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com