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<p>[QUOTE=&quot;GoldFinger1969, post: 26538155, member: 73489&quot;]It&#039;s not as simple as you would like, Eric, though I see where you are coming from.</p><p><br /></p><p><b>Unless we have hyperinflation or something like that, Americans do not worry about slow erosion of the dollar. </b> After all, the dollar fell (inflation rose) at 3-4% for 20 years from 1980-2000....and gold didn&#039;t do a damn thing. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Our inflation rate could triple...and if Central Banks decide to DUMP gold, the price will go down !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p>The DXY is down 8.5% YTD and about 7% the last 3 years.&nbsp; That is not anything like past runs on currencies.</p><p><br /></p><p>Since Americans buy things in dollars and since even international goods are often/mostly quoted in dollars...you don&#039;t need 11% or even 8.5% to &quot;break even.&quot;&nbsp; Unless you put your money under a mattress, so long as you earn SOMETHING, you&#039;re doing OK even in the inflationary 1970&#039;s.<b><span style="color: #00b300">Safe, investement-grade quality bond funds and ETFs are paying about 6.25% mananged by some of the best financial professionals around.</span></b>&nbsp; Should be core holdings for any serious investor, especially those who don&#039;t look at this stuff every day (like I do) or lack the time or skills to do so.People have been saying that for a while...even in 2022 when we HAD the correction !!&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> But gold didn&#039;t do much in 1987 after the Crash...in 2000 during Y2K or the bursting of the Internet Bubble....in 2008 during the GFC....or 2020 during Covid.</p><p><b><br /></b></p><p><b>It&#039;s going up because more people can afford gold, even at higher prices today, than in 1950 or 1973 or 2000 or 2020.</b></p><p><b><br /></b></p><p>Financial assets are you best insurance against any inflation and/or dollar decline.&nbsp; Gold MAY or MAY NOT do that.&nbsp; It&#039;s looking good performance-wise because of the quirks of the starting (low) and ending points (high) to the current time. </p><p><br /></p><p>But over ROLLING TIME PERIODS, <b><span style="color: #ff0000">gold is a highly-volatile asset that can stay stagnant for DECADES and doesn&#039;t throw off dividends or income while you wait.</span></b></p><p><b><span style="color: #ff0000"><br /></span></b></p><p><b><span style="color: #000000">And I&#039;m bullish on gold !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></span></b>[/QUOTE]</p><p><br /></p>

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