This isn't a gold pump. I do own gold and miners like Barrick. But this is a reminder that the USA dollar has lost 96% of it's value since we went off the Gold standard when my grandfather fought in WW2. And every stock that is still around today has outperformed cash.
It's very ugly in the markets right now. But whether you are a tech/growth investor, or a dividend/commodity investor like me. There is 1 certainty. If you can find a company/stock that will still be around 20 years from now it will outperform the US dollar.
We are in a time of uncertainty. I think it's more like dot com than 2008, but both are good comparisons. You have a choice. You can hold an asset that the governments around the world can & will print into infinity. Or you can buy shares of a company that will make more cash today than yesterday, unfortunately helped by horrible gov't policies. Which would you choose 10 yrs from now????
Leave a Reply