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<p>[QUOTE="Cloudsweeper99, post: 1280047, member: 3011"]It is true that the stock market is not a good place to invest for people unwilling to think. And anybody who believes they should choose a stock today and let it ride for 50 years probably should stay away from stocks [and gold]. Even the components of the major market averages are changed over time. In the past decade, gold has done very well and stocks are still where they were in the late 90s. But rather than proving that stocks are a bad investment, it offers the possibility that stocks are now cheap relative to gold. When gold was $250 and the DJIA was 12,000, gold turned out to be the better investment. But now with the DJIA at 11,000 and gold at $1600+, the situation is entirely different. Anybody who believes that gold requires no thought and will outperform stocks for the next 25 years will probably be greatly disappointed.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1280047, member: 3011"]It is true that the stock market is not a good place to invest for people unwilling to think. And anybody who believes they should choose a stock today and let it ride for 50 years probably should stay away from stocks [and gold]. Even the components of the major market averages are changed over time. In the past decade, gold has done very well and stocks are still where they were in the late 90s. But rather than proving that stocks are a bad investment, it offers the possibility that stocks are now cheap relative to gold. When gold was $250 and the DJIA was 12,000, gold turned out to be the better investment. But now with the DJIA at 11,000 and gold at $1600+, the situation is entirely different. Anybody who believes that gold requires no thought and will outperform stocks for the next 25 years will probably be greatly disappointed.[/QUOTE]
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