gold was the best investment of the decade

Howdy,

Gold out performed every other type of investment over the past decade turning 280% (1.43% per year) as of December 21st.

Frank Holmes is the head of U.S. Global Investors, a small mutual fund family with only a few funds. However, they have some very nice funds such as World Precious Metals UNWPX and Gold and PM's USERX. I own the former. And as a disclaimer, I'm not being paid to tout these guys, their record speaks for itself.


http://www.kitco.com/ind/Holmes/holmes_dec282009.html

peace,

rono

 

Log in or Sign up to hide this ad.

Apple did fairly well too.

 

Yes, but I didn't buy any apples. Just kidding of course. Gold did very well and according to my sources is going to continue to do well in 2010. Yes, yes, yes and 3 more... :kewl:

 

Google...

 

Yeah, I think Google might beat everything. I wouldn't have minded buying a few shares in 2004 when it was at $100 :crying:, it's only at like $620 now.

 

Did Gold beat out Copper for the decade?

 

Gold was not even close to the BEST performing investment of the decade. Many foreign market ETF's were up over 500%.

Lack

 

Anybody can figure out what WAS the best performing investment of the last decade.

Let me know, when you have the best performing investment of the next decade.

 

If the doom and gloom crowd is wrong, it might be C.

 

the best investment i think was a mutal fund that invested in startup companies in Russia etc... they were up 1500%.

it was on msn now i can't find it go figure.

 

Green Mountain Coffee (GMCR) #1 stock of decade up 7,895.4%
So I guess coffee beat gold

Lack

 

Hi Lack,

Counting ETF's or individual stocks and we might have some like you mention. However, keep in mind that we're going back to 2000 AND that includes the bursting of the dot.com bubble, the bursting of the real estate market and the market meltdown of of the subprime implosion.

The author was only using market segments, or asset classes, if you will, in comparison:

Commodity Index
Oil prices
US High Grade Corporate Bonds
US Treasuries
US Stocks

rono

 

My guess,

Broad category: natural resources and commodities
Narrower: precious metals
Focus: silver

rono

 

Howdy all,

As I mentioned in a follow up, the author was comparing gold to other asset classes and not individual investments.

As for the best investment for the coming decade?

silver, followed by gold, followed by natural resources in general.

rono

 

I would say that gold and silver aren't asset classes. Metals would be an asset class.