We all heard the Peter Schiffs and Robert Kiyosakis of the world espousing how hyperinflation is going to cause gold to skyrocket. Of course, they were saying this in spite of the fact that the 10 year return on gold is ZERO.
In this video I discuss how Kiyosaki claims to have invested in gold since the early 1960s. That is admitting that he got awful returns for nearly 60 years. Of course, he talks about the returns on Bitcoin since they are outstanding. Yet never is it mentioned about gold.
The reality is that outside of a hedge, gold does not provide a good return. Schiff, in 2011, claimed that gold was going to $5,000 and said people should avoid the stock market. Since that time, equities went onto the largest bull run in its history while gold is flat.
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