Salvo | 12-18-2014 05:19 PM | Re: Gold $12000.00 Ounce???? Meh, I'd rather invest in dividend paying stocks. When they are low you buy more and earn more. 10, 20, hell 30 years from now it will have made more than gold or silver ever would of.
Simple rule is every 1 million $ in stocks you own, you'll earn around $50000 in dividends a year (5%, average return). You can reinvest these quarter after quarter, thus increasing your overall income for the next year, or you can "retire" and just take the income instead of reinvesting.
2 mil is ~$100k/year!
That is my (very)long term goal right now, to hit $1,000,000 in a portfolio.
Buying and sitting on gold/silver will do nothing to further that IMO.
Besides, gold hit a high in 2011 at $1600/oz and has never come close.
To think it'll become 10x the value... Gold Price |