If you listen to the cackling hyenas on CNBC you’d think that gold is for fools and survivalist nutjobs. Douchebags like Barry Ritholtz have scorned and ridiculed gold investors for years. These mouthpieces for the vested interests don’t like to look at the facts. They will spew what has happened over the last three months as proof that stocks are a fantastic investment and the gold bull market is kaput. The truth is that gold has returned 71% over the last five years versus the S&P 500′s pitiful 20% return. The BLS bullshit CPI number rose 10% over this same time frame.
Going back to the glory days of 2005, before the Wall Street created disaster, gold has returned 244% versus the pitiful 30% return on the S&P 500. The CPI has risen 21% over this same time frame.
What has been a better inflation hedge, gold or the stock market? Can the vested interests print more gold? Can they take 10% of your physical gold over the weekend with an electronic transfer? Do you trust idiots like Barry Ritholtz who are dependent upon dupes to place their cash with them? Do you trust the bimbos and shills on CNBC to give you good advice?