I'll repeat just for good measure.... for Investing 102.... Buy what you know and understand... buy "best of breed"... Don't gamble, invest. It's not always about making money, it's about keeping the money you make.
Here's my personal take on buyers of precious metals and stuff like Bitcoin - and this is not a personal slam - it's just a fact..... if you're checking the price of the stuff you've bought hourly.... you shouldn't be in it. Housing got that way... dot bombs got that way... Gold
got that way... Bitcoin was a 3 month story that got that way.
TonySS -- To answer your 10 year chart on gold. Yes the chart is lower on the left and higher on the right. So there's no doubt that lots of people made lots of money on gold. What I don't like about that kind of "investment" is that I don't think people own it for the right reasons. They're SPECULATING... rather than INVESTING. By the way -- the inflation adjusted HIGH for GOLD was set back in 1980 at $2300. So if you'd bought and held for the last 33 years -- you've LOST A HUGE AMOUNT OF MONEY.
http://inflationdata.com/Inflation/i...tion_chart.htm
Compare that to having just bought a Dow 30 component as shown on these charts. If you scroll down - you will see a chart that goes back to before 1980 and there is also a list of DOW stocks that you can click on and see their inflation adjusted value. I just clicked on McDonalds -- so that's the first charts to come up.
http://www.aboutinflation.com/Dow-Jo...sted-chart-mcd