April 2022 -- the third World War rages on, the fighting still confined to Ukraine. Amidst the global economic uncertainty, on April 10th, the spot price of gold is at USD $1,957.01 per troy ounce. While this seems shockingly high to some people, particularly Libertarians (some of whom continue to side with Russia, politically), I redirect you to this blog post on the same subject of gold as a store of value or hedge against uncertainty, war, inflation or as an investment -- a blog post made by the prescient past self of this same blogger:
https://eltristan.blogspot.com/2010/10/october-23-2010tristan-morrow-these-are.html
Many things said then are still true today, "You buy gold, and it performs at the spot price for gold, and it will never outperform that." Others need updating, AAPL went from $9.40 to $174.31, or +1850% over these 11 and a half years. Not obscene returns, but still very decent (the hot stock would've been TSLA, of course) -- especially compared to gold's 147% run or 03.4% annual rate of return (which is barely more than the Fed's figure of 01.8% average annual inflation...)
Anyway, just thought to revisit this fwiw.
