The 70s were insane for gold. I think it went up over 1000% that decade because it was legal to own again. Watch what happens if you exclude the 70s and just do past 40 years.The crazy part about the last 20 years is that you would have expected gold to do well during QE/inflation post GFC.That’s because gold did really well over the past 20 years.
Add Apple stock and it looks like a no brainer, too.
But actually the big run up was 2001 to 2011.
Still, a 7.53% CAGR since 1972 is pretty interesting for a non-productive asset:
https://www.portfoliovisualizer.com/bac ... xnKoDQ7CaN
https://www.portfoliovisualizer.com/bac ... BG9JvoSKiB
Now it’s exactly the same as cash, but with higher deviation than stocks and a slow and steady 50% drop through 80s and 90s. Imagine holding gold for 20 years while it does nothing but go down a few percent a year. It took the dot com bust and 9/11 to turn it around.
Statistics: Posted by the_wiki — Sun Dec 31, 2023 1:02 am — Replies 13 — Views 833
