I should’ve kept that Krugerrand I bought back in the 70s. $250 an ounce…
“I should’ve kept that Krugerrand I bought back in the 70s. $250 an ounce…”
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You would have done much better in the S&P 500. Just sayin’.
Nah, hopefully you sold around March 1980.
The problem in comparison between purchases now & then is correcting for inflation.
Your example: $250 in 1975 had the purchasing power of $1460 today. So, gold has increased in valve but not quite as much as the raw numbers suggest.
I bought a new ‘69 Z/28 Camaro for $4400. Today that’s about $40,000. Yes, a new high performance Camaro costs more than $40,000. But today’s Camaro is technologically very different and more complex than in ‘69.