
05-02-2020, 02:01 PM
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Sage
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Join Date: Sep 2011
Location: Conn/Maine /
Posts: 2,794
Thanks: 134
Thanked 1,349 Times in 521 Posts
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Quote:
Originally Posted by mneumann02
Sorry, no gold for me. In 1986 the price of gold was $326 and is currently $1,700, a 5.2 times increase. The DJIA on June 1, 1986 was 1,892. On June 1, 2020 it was 23,700, a 12.5 increase. So, if I had invested $100,000 in gold in 1986 it would be worth $520,000 today. If I had invested $100,000 in the stock market on June 1, 1986 it would be worth $1,250,000 today, an increase of $730,000 over gold. I'm sure there are good people on this forum who believe Armageddon is just around the corner, and have believed that much of their lives. As for me, I do not and am glad I never invested in gold back in the 1980's.
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Provided your smart enough to pick the right stock
There's only one gold to choose
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