As the chart shows, if Gold had simply kept up with inflation since freed from $35/oz in Mar-68, it would now be at $225/oz. But in fact, Gold has gained over 4X more to $1,193/oz, protecting investors from inflation and yielding a return 4% above the CPI!
(As an aside, [I] was recently asked how Gold did versus the S&P500 over the period. It's not on the chart, but S&P500 began the period at 89.11 and closed yesterday, 43+ years later, at 1115.05... a 6.05% compound rate of return. Over the long term, Gold has trumped stocks and inflation.)
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