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Maybe it's a cultural thing, but I've always been told that gold is a great investment.

The "digital gold" argument doesn't make sense to me at all. Human beings aren't rational spenders. Gold, if nothing else, looks good. I can buy a $10,000 bar of gold and even if its value crashes by 20% tomorrow, I at least have an aesthetic metal that feels nice to touch.

BTC doesn't even give me that satisfaction




Check out the ratio of gold price to Dow Jones index for last 100 years:

http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-h...

In 1917 it was about 5, now it's about 15. So threefold increase in a century.

Plus the Dow pays around 2% dividend per year which is 7-fold increase in a century.

So US stocks outperformed gold by 21 times between 1917 and 2017.

Looking at the chart, there are very few long-term periods when gold has outperformed US stocks.




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