Every "end game" prediction in the past decade was wrong, every Gold bug doom-prophet (Jim Rogers, etc) was continuously wrong for decades and underperformed a simple diversified basket of indexes.
For some reason all the tin-foil-hat-conspiracy sites (think ZeroHegde) figured out that the best way to profit from their readers is to pump Gold as "the only safe haven". History shows that it is not a safe haven. The sooner people realize that, the better for them it will be. But sadly Gold bugs are just like crypto bugs, stuck in their cult mentality without looking at data that clearly proves their hypothesis wrong.
Predictions such︀ as "Gold will double in 10 years", even if you're right and pick the exact︁ moment to buy and sell - making 2x in 10 years is awful performance on︂ an annual basis, and it is even more awful when it comes with a much︃ higher degree of volatility and risk.
In the long term Gold is an underperforming investment:︄
For some reason all the tin-foil-hat-conspiracy sites (think ZeroHegde) figured out that the best way to profit from their readers is to pump Gold as "the only safe haven". History shows that it is not a safe haven. The sooner people realize that, the better for them it will be. But sadly Gold bugs are just like crypto bugs, stuck in their cult mentality without looking at data that clearly proves their hypothesis wrong.
Predictions such︀ as "Gold will double in 10 years", even if you're right and pick the exact︁ moment to buy and sell - making 2x in 10 years is awful performance on︂ an annual basis, and it is even more awful when it comes with a much︃ higher degree of volatility and risk.
In the long term Gold is an underperforming investment:︄