“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework.”
~ Warren Buffett
Are precious metals still precious?
“Precious metals, especially gold, have a reputation for being a hedge against inflation. This reputation, however, is difficult to support. Gold has had a surge lately, and there is a tendency to take recent results and extrapolate them. But the reality is that gold has a 200-year history of abysmal long-term returns, briefly punctuated by a frenzied interest, only to eventually return to the mean. Don’t confuse short-term volatility with long-term performance.”
Brad Brain_ Are precious metals still precious_ _ Alaska Highway News
Posted in All Columns, Investment Management, Risk Management