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JP 72
Ben Felix
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Comments by "JP 72" (@739jep) on "Investing In Gold" video.
Your statement would only make logical sense if gold was the highest returning asset over the last 100 years - which it wasn’t and it’s not even close. Stocks have outperformed gold in the last 100 years - by a very large margin. It’s therefore a mathematical certainty that any portfolio that includes an allocation to gold would have returned less than a portfolio with 100% stock allocation. I’m assuming you’ve left out some kind of caveat?
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Why does there need to be a safe haven?
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Gold is an element , a rock, something that can be debased, is expensive and inefficient to use in transactions and is inflexible as a monetary system when it comes to dealing with certain economic problems. There’s no reason why numbers on a screen couldn’t be ‘real money’. The idea that gold is real money relies on a commodity theory of money which hasn’t been relevant for an long time.
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@markus8605 a cherry picked moment short window of time also cannot be generalised. The studies he listed here took a much more scientific approach
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