That was the question posed by Monday's USA Today Snapshots. And so, may I have the envelope please? Respondents said Technology- 36%, Gold- 31%, Blue-chip stocks- 10%, Real estate- 9%, and International stocks (9%). What, no bonds? The survey was conducted by Edward Jones and more than a thousand adults participated.
I'm quite surprised that 31% of those surveyed believe gold will be the top performing investment. Apparently, Kate Ware, an investment strategist at Edward Jones, is concerned by the number of particpants favoring gold. She states "Our research of gold's performance since 1970 indicates that gold tends to fall as quickly as it rises, and over longer-term periods, it fails to match the performance of stocks as represented by the S&P 500." I'm sure Ms Ware's analysis of the past is correct. But in my case, planning on a 40 year investment horizon would be, shall we say, wildly pollyannaish. I would also note the rise in debt has made today's economic situation much different than that of the 1970s.
Switching gears, in the previous journal entry we mentioned the recent Martenson - Tustain audio interview. It really is quite good though towards the end it turns into a Bullion Vault infomercial. An effective infomercial, as despite initial skepticism, they won me over and I opened an account with Bullion Vault. We'll see how it turns out as a method of accumulating gold. By the gram in my case.
No comments:
Post a Comment