Quote:
Originally Posted by afc wimbledon
The other thing about Gold that we tend to forget as we are living in a huge Gold spike is that the price of gold in 1916 was the same as it's price in 2000, that Gold has always been a dreadful place to put money
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After inflation. The actual price went up about 14x.
And you really can't compare gold standard era prices to post Bretton Woods system prices because under the gold standard the price was set by the government and static, increasing only twice in nearly 140 years between 1833 and 1971. Since the end of Bretton Woods in the early '70s, gold has increased in price by about 57x for an annualized return of about 8%. Not as good as the stock market (which averaged about 10% CAGR in that span), but still a pretty good return all things considered.