gold, page-1411

Since you invested in gold 20 years ago (1996) I thought I just bring out a few examples that is on top of my head and market leaders globally, BHP & RIO

Accordingly spot gold according to Trading view,

1996 low circa $365 and high in 20 years $1918 non compounded = 525% total return /20 average 26% return pa

BHP 10.43 low and high $97.87 on the US quoted ADR non compounded = 938% total return / 20 average 47% pa

RIO $13.88 low and high $139.60 US quoted ADR non compounded = 1000% total return / 20 average 50% pa

Gold has holding cost and insurance expensed yearly. BHP/RIO has dividends paid for loyalty. No brainer which one gives a better return. However to be fair BHP/RIO had a big volatile GFC sell off so I am just cherry picking for reference on total return on a 20year buy and hold.

I don't care for 'intrinsic' valuation because emotion sucks oneself into a hold longer that one should be, euphemistically referred to as "Falling in love".