/biz/ - Business & Finance

Gold is MASSIVELY overinflated right now... Look at a 20 year or longer chart... All the precious metals skyrocketed about 6 years ago and then all of them came back down EXCEPT FOR GOLD which only fell a little, by comparison.

If you look at a 100+ year average, you'd see the Silvers adjusted for inflation price is around $18.30/oz while gold should be in the $800 range give or take.

What this means, is that if you buy gold it might continue to be overvalued well into the future in which case you would do extremely well with it. I believe a more realistic outcome is that it will return to its historical average in which case you'd lose like 40% of your net worth.

This is why I perfer silver and platinum, they offer much more potential.

The old timers say gold usually outperforms silver... And it did... Decades ago to now. Presently, its just a gamble on the future, much more so than silver or platinum, whose demands will only increase as people look away from baseless fiat currencies like the dollar, and as international electronics-based manufacturing and automotive manufacturing both continue to expand rapidly.

TL;DR gold is overvalued, buy silver and platinum. Or land and guns.