A year ago gold was $1,717.70 - making it down 5% in one year. When gold drops 5% in a year you need to re-think investments. Here in Panama there are many opportunities for 'other' bread and butter basic living supplies and foods.
Great point Doug! But, gold is still way up from a decade ago. It's an insurance policy of sorts against economic uncertainty. Gold can protect against both deflation and inflation. Perhaps we should all store some of our wealth in gold if at all possible.
Glad your seas are smooth and pardon the delay, Wendy
A year ago gold was $1,717.70 - making it down 5% in one year. When gold drops 5% in a year you need to re-think investments. Here in Panama there are many opportunities for 'other' bread and butter basic living supplies and foods.
ReplyDeleteSmooth seas,
Doug
Great point Doug! But, gold is still way up from a decade ago. It's an insurance policy of sorts against economic uncertainty. Gold can protect against both deflation and inflation. Perhaps we should all store some of our wealth in gold if at all possible.
DeleteGlad your seas are smooth and pardon the delay,
Wendy