May 30, 2013 at 10:22 AM EDT
Over 21 Years Gold Lost 70% Of Its Value
BY DAVID JOHN MAROTTA In my article entitled “The Optimum Asset Allocation to Gold Is Always Zero” I wrote: In January 1980, gold reached a high of $850 an ounce ($2,399 in today’s dollars). For the next 21 years the price of gold dropped to a low of $256, losing over 70% of its value. The [...]
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