I believed in the hype for years and I've bought quite a bit of gold also but I now see it for what it is, a pet rock as Krugman states. I see a lot of ads for gold in the magazines I receive (Archaeology, VFW, Smithsonian and other 'old people' publications). There's one with Chuck Woolery claiming that an investment in gold of $10K in 2000 would be worth $$100K today. Hindsight being 20/20 I thought about what my investment would be valued at had I invested that $10k in Apple? The answer is about $1.3 million give or take. I have concluded that gold (and silver) is not a very good investment if you're looking for growth, if you just want to  tread water it's okay.

I believed in the hype for years and I've bought quite a bit of gold also but I now see it for what it is, a pet rock as Krugman states. I see a lot of ads for gold in the magazines I receive (Archaeology, VFW, Smithsonian and other 'old people' publications). There's one with Chuck Woolery claiming that an investment in gold of $10K in 2000 would be worth $$100K today. Hindsight being 20/20 I thought about what my investment would be valued at had I invested that $10k in Apple? The answer is about $1.3 million give or take. I have concluded that gold (and silver) is not a very good investment if you're looking for growth, if you just want to  tread water it's okay.

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