Dec 13, 2012
Below is price of Gold from 1982 to 2002. Yes, it underperformed even T-bills and it was obviously a time of great prosperity for the US economy.
Now let's look at it annually, since 1982 with the larger bold years being those that are the only years the GLD etf has been in existence:
There have been no negative calendar years yet for GLD (the ETF). So the big question is: do you consider Gold a core portfolio holding or a tactical holding?
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