Re: Why was Gold Currency made illegal? Will it return?
Gold went up to 1888. Every Ram and Abdul went to Gold as it soared. No one wanted it when it was at 250 abt 11 yrs ago. Gold pays no dividends.
Holding Gold as an asset allocation may be appropriate. But to buy Gold (or any other asset) as speculation AFTER it has risen > 6-fold is a sure way to lose money.
As to when it will go up, no one knows. Those who say otherwise don’t know they don’t know. With Gold at 1750, some in Business forum here were bullish. Claiming it is a safe bet. Now that Gold is down, you wont see the same folks stepping up and doing a mes culpa.
Buyer beware. Do your own homework.