share Authored by Nitin Kabadi
The epitaph of gold as a long-term investment option has been written quite often and it has faced intense mockery too from some doyen of the investment world. For instance, now turned optimistic– Warren Buffet had once perceived that gold is a useless metal.
Contrary to the perception of skeptics, Gold has been able to maintain its shine by generating long-term positive returns in both good as well as bad times, in periods of inflation as well as deflation.
Looking back at almost half a century, the prices of gold have risen by an average of 10 percent per year, since 1971, when the iconic treaty of Bretton Woods collapsed where it linked the supply of dollars with the amount of gold in the coffers of the US central bank. In the last twenty years, gold has outperformed all asset classes ranging from the US bond […]
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