Hardline
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Gold is monetary metal.maybe maybe not
could stay where it is also
Silver is industrial metal
Gold is monetary metal.maybe maybe not
could stay where it is also
Gold is also a very good conductor of electricity but normally costs to much for mass use.Gold is monetary metal.
Silver is industrial metal
gold is actually a better conductor plus it does not tarnish like silverGold is also a very good conductor of electricity but normally costs to much for mass use.
At one time Kodak was one of the biggest consumers of silver.
Hmm, gold is not a better conductor than silver. Silver does oxidize but it is significantly better than gold.gold is actually a better conductor plus it does not tarnish like silver
That’s just not true and dangerous to say so to future investors.Gold and Silver are almost always good investments.
It seems prices also go up more during economic down turns. Do NOT turn this into a political issue.
Gold and Silver really are great investments if you have the money to get some and get a nice little collection. Rarely will the value decrease and if it does a tad, it will grow in the future. If you can collect and keep them for a long term investment, you will win. It is a great investment when you have a physical product you can inspect. You can buy or trade it without having to go through hoops. One of the few products where most pawn shops will pay full value for a product. Some pawns shops will actually sell it to but most would rather keep them.
You can also find companies that are in the business of mining for gold or silver and invest by buying stock in those companies.
I had one around ten years ago. Sold it off after a year and made profit It was not a huge investment but when I sold it, it helped finance a family trip to St Thomas USVI.
You forgot the rest of it....and if it does a tad, it will grow in the future.That’s just not true and dangerous to say so to future investors.
And Interest rates are predicted to rise going forward due to the high inflation.Gold is a precious metal and in limited supply so the price tends to only rise over time. The primary times when the price of gold falls, it's during times of higher interest rates. That is primarily due to gold has no interest rate associated with it. When rates are higher, investors tend to shift their money to low-risk yield bearing assets like US Treasuries, high-yield savings accounts and corporate bonds as they tend to return more than gold does on it's own.
Basically, gold is a safe haven which is why it can be very popular for those with low risk tolerances. (ie, when you're close to retirement)
Someone mentioned that gold is not an industrial metal. This is not true. It is used judiciously in electronics even though it's not the "best" or cheapest conductor. They use it because it doesn't corrode over time and is highly durable. There are companies that solely exists to recover gold from discarded electronics.
That’s fine if you buy and hold for 25 years.You forgot the rest of it....and if it does a tad, it will grow in the future.
Truth is truth.
The annual percentage change in the price of gold from 2000 to 2025:
In 25 years gold has only went down in price a year 6 times.
- 2000: -5.4%
- 2001: +2.4%
- 2002: +24.8%
- 2003: +19.5%
- 2004: +5.4%
- 2005: +17.5%
- 2006: +23.5%
- 2007: +31.0%
- 2008: +5.6%
- 2009: +24.6%
- 2010: +29.6%
- 2011: +10.1%
- 2012: +7.1%
- 2013: -28.0%
- 2014: -1.8%
- 2015: -10.4%
- 2016: +8.4%
- 2017: +13.2%
- 2018: -1.6%
- 2019: +18.3%
- 2020: +25.1%
- 2021: -3.6%
- 2022: -0.4%
- 2023: +13.2%
- 2024: +27.2%
- 2025: +27.0% *(YTD) [1]
It does go down but if investors keep it, like I state it, it will go back up. From 2000 to 2025 the price of gold has went up over 1000%
And if you bought in 1980 and held it through 2000 you would have taken a 20 year 70% Haircut.You forgot the rest of it....and if it does a tad, it will grow in the future.
Truth is truth.
The annual percentage change in the price of gold from 2000 to 2025:
In 25 years gold has only went down in price a year 6 times.
- 2000: -5.4%
- 2001: +2.4%
- 2002: +24.8%
- 2003: +19.5%
- 2004: +5.4%
- 2005: +17.5%
- 2006: +23.5%
- 2007: +31.0%
- 2008: +5.6%
- 2009: +24.6%
- 2010: +29.6%
- 2011: +10.1%
- 2012: +7.1%
- 2013: -28.0%
- 2014: -1.8%
- 2015: -10.4%
- 2016: +8.4%
- 2017: +13.2%
- 2018: -1.6%
- 2019: +18.3%
- 2020: +25.1%
- 2021: -3.6%
- 2022: -0.4%
- 2023: +13.2%
- 2024: +27.2%
- 2025: +27.0% *(YTD) [1]
It does go down but if investors keep it, like I state it, it will go back up. From 2000 to 2025 the price of gold has went up over 1000%
Tarnish doesn't mean corrodegold is actually a better conductor plus it does not tarnish like silver
Gold is used instead of silver in electronics primarily because of its resistance to corrosion and oxidation. While silver is a slightly better electrical conductor than gold, it is highly reactive and tarnishes quickly when exposed to air. [1, 2, 3, 4]Tarnish doesn't mean corrode
