BEST PERFORMING ASSETS ON A 10 YEAR TIMEFRAME?
24 October 2009 by Cullen Roche
2 Comments
Today’s chart of the day: the best performing assets on a 10 year timeframe? Precious metals by a WIDE margin.
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Comments
How about a 20 year and 30 year time frame?
Ten years ago, gold was relatively reasonably priced in 2000 and the stock market was in a bubble.
Thirty years ago in 1979, gold was in a bubble. Gold has delivered a large negative return over the past thirty years. Equities were reasonably priced back then (even cheap) and have delivered a positive real return.
The starting point for the analysis is critical.
To me gold appears to be in a bubble today, like oil and many other commodities were last summer.
The question for today is which asset class will see the best performance over the next 10 years, 20 years, 30 years?
How about a CD at the local credit union? You get compounding and no risk.