Is gold ACTUALLY a good investment?🤔 #money #personalfinance #shorts

[nicktalksmoney]

Is gold ACTUALLY a good investment?🤔

$1, 000 in 1983 dollars would have the same purchasing power as ~$3, 000 today, so gold has historically done a good job STORING value.

One thing it hasn’t done well? Act as a vehicle for BUILDING wealth.

If you’re still in the wealth accumulation phase of your financial journey, think long & hard whether your money would be best placed into an asset like gold that barely beats inflation (historically), or another asset that has much higher upside.

Assumptions:

- Price of gold from December 1983 - January 2024
- S&P 500 return from December 1983 - January 2024

*This is not an investment recommendation: I'm a person that you don't know on the internet, do your own research before making any investment decision*

[EliteInsider]

Gold beat inflation. Could be a good idea to keep some (10%) money in gold in case of a currency collapse. Many such cases over the past 40 years.

[KuyaRGB]

It just depends on the security that you want. You could make another vid about how way you don’t wanna get Bonds when you’re young

[Silverman]

Since you’re pinning 2 assets against each other it’s more like timing the market for this thing instead of time in.
Instead of doing 1983. Do 1965, 1928, or 2000 and gold will outperform stocks.

[Constitution]

Faulty assumptions. If you had invested $2, 000 in gold and $2, 000 in the S&P 500 in the year 2000, you would now have $17, 496 in gold and $14, 105.54 in the S&P 500. Over this period, gold has delivered a significantly higher return compared to the S&P 500. While it's easy to cherry-pick specific dates to support an argument, doing so overlooks the broader picture and fails to recognize gold's potential as a strong investment.

[loganhullhull]

Gold isnt for building wealth. Its just a form of currency in case of a market collapse

[yamatotakahashi]

You only invest into gold to freeze your money and STAY rich, invest into other stuff to GET rich

[kellymckenzie]

Got that local used car dealership commercial energy

[Imnotwatchinganything]

Anybody notice it’s the friends background

[adamlarussa]

This reminds me of a bet Warren Buffet took with some fund manager. I can't remember exactly, but Warren bet he could make more money over a ten year time frame by investing in the indexes, instead of individual stocks. Warren wound up winning.