Originally Posted By: Drew99GT
Originally Posted By: firemachine69
I won't lie, not holding any other holdings besides the IAU. I'm waiting for the Ponzi scheme to come crashing...
Then it's buy time.
People have been saying that since the dawn of man............and US growth stocks over the long term essentially go up in a straight line and outperform all other asset classes, ESPECIALLY gold.
http://www.joshuakennon.com/stocks-vs-bonds-vs-gold-returns-for-the-past-200-years/
One: As 2008 showed, you're in a [censored] of a pickle if you're 60, laid off because there's no work and no one wants an old worker (reality of the workforce, not my opinion), and you're portfolio is a mess. So I can't really give two hoots about "historical trends" if when I might be forced to retire, I have to take a serious downward cut in lifestyle.
Two: We are at the tipping point of ground zero. There's something fundamentally wrong about
paying someone to borrow
your money. I think you're confusing loosening fiscal fiat policy (which bankruptcy is bankruptcy, regardless how much you supposedly owe), with true "wealth" growth. The world is wising up the American treasuries aren't worth the paper they're printed on. Understand that all that "growth" has been companies capitalizing on the ever-growing quantitative easing. 2008 basically showed that to a tee. Intel stock lost nearly half it's value, and within a few years, it was again surpassing new highs. What, did they suddenly start selling twice as many processors? Nope, they were simply accumulating people's IOU's (otherwise known as "a dollar").