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If you started buying 40 years ago, 1984, gold was under $400. At today's price, roughly $2,200, that's over a 500% increase. Even if someone bought a little bit every year, it's way more than doubled. Sometimes, over periods of years, gold outperforms the stock market, and vice versa. From 1990 to 2020, the price of gold increased by around 360%. Over the same period, the DJIA gained 991%. Looking at the 15-year period from 2005 to 2020, the price of gold increased by 330%, roughly the same as the 30 years considered above. Over the same period, the DJIA increased by only 153%. Hindsight is always perfect, but investment diversification has always been a great strategy.I haven't actually checked the numbers BUT, But, but.......
Yeah.....double. And it only took 40 years. Personally and IMHO.....THAT isn't my idea of a "good investment".
Aloha, Mark