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Message:: [QUOTE="medoraman, post: 1222094, member: 26302"]Just taking the 1986 price you have a dot on of $365.80 and adjusting taking it to today means you made, at "today's all time high" less than 6% return. This is even too high, since you have to deduct storage fees every year, and then deduct capital gains. All of this while sitting on the highest gold prices in history. Now tell me how buying gold in the 1980's and being underwater for a decade or longer was such a good buy? Sorry I just disagree. I bought my silver and gold in the 1990's as a portfolio hedge. If I would have had to sell in 2000 I would have taken a bath. Anyone buying today could very well have to spend another 10 or 20 years before they again see a real return. Will they? I honestly do not know, but neither does anyone else. That is all I was saying. Anyone who, during a 20 year time frame ending just a decade ago, bought gold would have LOST MONEY EVEN IN NOMINAL DOLLARS, let alone real dollars, if they needed to sell, and many did. Life happens, and sometimes you have to sell regardless of market conditions. Because of that, volatile investments like commodities always have to be considered riskier if held in isolation.[/QUOTE]