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Originally Posted by _______
WTI closed at 50.36 on 7/7/2016. Here's a price history for reference:
https://www.eia.gov/dnav/pet/hist/Le...PET&s=RWTC&f=D
I'll give you the benefit of not forseeing today's 5% drop but if energy prices were up 20% that would put WTI north of $60 instead of south of $46.
And I know I'll never shake anyone off their love of gold which is something deep and emotional and, like any other love affair, immune to rational analysis.
But since 1900, gold has deeply underperformed the total return of both stocks and bonds. It's held it's own against cash. Gold has returned an annualized 1% vs. 0.9% for just sticking your savings in a money market account. |
unfortunately you just made the case for gold now. everything reverts back to the means.
you understand living locks, gold is a living lock to be $2000 per ounce by this time next year and my guess is it will be a lot higher. again, that is a living lock.
