It’s easy to find articles that bash gold as an investment. For some reason, there’s real antipathy towards the yellow dawg out there in the establishment investing community.
I know all the reasons; it doesn’t produce a return, it just sits there, you can’t eat it (but who eats stocks & bonds?), and so forth.
But the thing I find interesting is that I believe this antipathy was developed a very long time ago when gold was a very unattractive investment. During the 1980’s and 1990’s, gold did nothing but fall. So I understand how a sour impression could have been developed over that period of time.
It is known that in the medical profession it takes 10 years for a good, life-saving treatment to fully penetrate the medical community. You’d think something that is a proven winner would gain more favorable adoption, but that’s not the case.
Resistance to change is a very human thing, and investment professionals may be just about as resistant as any group.
Here’s a recent article:
Something to remember if you’re thinking of buying gold at its current high levels: If you bought during the last peak (in January 1980), you would have been better off with an interest-bearing checking account .
Back then, gold was $850 an ounce, Bloomberg reports. If you had bought gold and held on to it, you would have earned about 44%.
by former_user