Gold Storage

I talked to City Weekly earlier this week about an interesting company that offers gold storage right here in Salt Lake.  Here's the story.

Gold prices are up sharply since 2002, but the metal really hasn't been a great investment over the past 40 years.  Here's a link for a chart comparing gold to the Dow since 1980, and you can see that while gold has about doubled over the period, the Dow is up by something like a factor of 14.

Gold might well be a sensible hedge against economic catastrophe, but buyers should be keep in mind they're probably giving up returns in order to buy safety.