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Old 04-27-2018, 05:25 PM   #1
Lazarus
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The Gold Standard....A Retrospective

Damn....If I had it all to do over again, I would have bought gold at $32 an ounce back in the 60's and 70's.......oh well.


http://www.todayifoundout.com/index....gold-standard/
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Old 04-27-2018, 08:03 PM   #2
wwhitney
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I didn't look at your link, but the first random internet site I found claimed that gold was $35.25/ounce in 1958. Today it's $1320/ounce or so. That's a 37.4 fold increase over 60 years, or an average return of 6.2%.

Another random internet site told me that on January 1, 1958 the S&P 500 was at 41.12, while today it is at 2670. That's a 64.9 fold increase over (a little more than) 60 years, or an average return of 7.2%.

Gold is just a shiny rock that we dig out of the ground and that mesmerizes some people.

Cheers, Wayne
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