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Personal Finance and Investing

progree

(10,924 posts)

4. In inflation-adjusted dollars: 1980 peak: $2241, now: $1566, down only 30% in the past nearly 40

Reply to TwilightZone (Reply #3)

Mon Jan 6, 2020, 07:56 PM

Jan 2020

Last edited Tue Jan 7, 2020, 12:31 AM - Edit history (2)

years. So it has only lost 30% of its purchasing power in the past nearly 40 years. That's pretty stable or something like that or thereabouts, I guess.

Not included: expenses of safely storing. Or the fees and expenses of a bullion fund like GLD (SPDR Gold Trust). Currently GLD's expense ratio is 0.4%/year which adds up over 40 years.

The inflation-adjusted S&P 500, the "Wall Street Casino" is up 7.64 fold over the same period, and that is just the index, it doesn't include reinvested dividends (nor does it include expenses).
https://www.macrotrends.net/2324/sp-500-historical-chart-data

(The $1566 gold price is from finance.yahoo.com closing price for 1/6/2020)

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This message was self-deleted by its author [View all] BigmanPigman Jan 2020 OP

Shouldn't you buy before the price goes up? Srkdqltr Jan 2020 #1

It is starting to go up and will go higher. BigmanPigman Jan 2020 #2

"It is always a safe investment " TwilightZone Jan 2020 #3

In inflation-adjusted dollars: 1980 peak: $2241, now: $1566, down only 30% in the past nearly 40 progree Jan 2020 #4