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.
🙁
The Cycle is changing. All paper currencies are losing purchasing power rapidly. Timing is everything.
Since 1971, when the US discarded the Gold standard, paper started performing well…..cycles, nothing last forever…with all the historic unpayable debt, the tide is turning….it is just time.
In any case, some will lose, some will prosper….remember Trade and Commerce will continue as it has for 5,000 years.
It looks like the S&P 500 still wins.
———-
Close, but with Golds further rise, most likely $4200 then on to $5,000, you still have to deal with the equities being denominated in dollars, whose purchasing power is rapidly declining.( as are ALL the world’s paper currencies.)