Returns on PM’s. That said my source shows Gold just slightly outperforming the S&P since 1971.
Good point. I was looking how junk silver performed over the years. But gold has done much better.
One ounce of gold in 1964: $35 (roughly)
One ounce of gold today: $3350
It looks like the S&P 500 still wins. But again, my S&P 500 numbers did not consider taxes or fees. There’s also the stomach ache factor. Wild swings in the S&P can induce stomach aches (and panic).
So diversify. Heck, at one time the Pennsylvania Railroad was the largest company in the world. An older relative of mine had a huge investment in that company.
PRR went bankrupt in 1976.
🙁
“That said my source shows Gold just slightly outperforming the S&P since 1971.”
Did your source figure in dividends and storage fees? I bet not!