True. In 1935 an ounce of gold would buy a great suit and today an ounce of gold will buy a great suit.
Now compare that to this...
In 1935, selling an ounce of gold and buying the equivalent of the DOW or S+P and holding till today would buy you THE ENTIRE SUIT FACTORY!
Shhhhh. Some goldbugs can have an allergic reaction to the truth.
Heck, if you invested $1,000 in Wal-Mart on June 1, 1976, you would only be holding $938,959.24 in stock today. I mean, it's not as good as a lot of 30 year investments, but still...
In 1935, selling an ounce of gold and buying the equivalent of the DOW or S+P and holding till today would buy you THE ENTIRE SUIT FACTORY!