Gold and silver prices have both been kicked in the teeth this last week, driving investors worried about what they should do. Silver dropped to mid $28 range, and gold prices dropped into the 1500s, shocking plenty of investors who were expecting gold to go “up, up, up”.
Gold is a long-term investment. Over a century, you’ll have about as much at the end as you started with, on average. But in the short run, you could see some pretty strong volatility — like the $400 dollar swings we’ve seen for gold in the last half year.
Gold is a long-term investment. Over a century, you’ll have about as much at the end as you started with, on average. But in the short run, you could see some pretty strong volatility — like the $400 dollar swings we’ve seen for gold in the last half year.
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