**[investwise]** Equitymaster: Something To Keep The Gold Bugs In Good Cheer

 

So, we have bid goodbye to the noughties. But for those even remotely linked to the financial world, the decade gone by is likely to leave a permanent imprint on their minds. If for nothing else, for the sheer rollercoaster experience it provided. Roughly one half of the period was marked with unprecedented boom. A synchronous Bull Run that perhaps left no geography and no asset class untouched. This Bull Run though came smack in the middle of two busts. Needless to say, the second one was particularly devastating, inflicting mayhem in all corners of the globe. Not surprisingly then, price volatility was the order of the day. Amidst all the madness there was one asset class that remained rock solid right till the end. In fact, it ended each year of the decade higher than the price at which it started the year. Thus, if there is one widely accepted asset class that deserves the title to be the asset of the decade, it is none other than the yellow metal gold. As per a story in LiveMint, Gold witnessed a near fourfold jump in its price over the past decade. It beat other contenders like crude oil and the Indian Sensex, which were up around three-fold, by a handsome margin. Now, to the question that we are sure would be on most investors' minds. Will Gold outperform in the coming decade as well? We may not like to hazard a guess on that one. But we are fairly certain about is its ability to continue giving attractive returns. As one financial expert rightly put it, "Gold no doubt is a speculation but it is a speculation on a certainty. And that certainty is the debasement of currencies." Thus, gold bugs can continue to keep the faith. But as we have always said, do not go overboard with your gold investment. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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