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15/09/20
14:54
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Originally posted by Max5:
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Or you could look at stock Indexes/gold price prices another way. Japanese Nikkei down 40% from its peak Gold up 605% in last 20 years in JPY Shanghai Composite down 45% from its peakG old up 488% in CNY in last 20 years. Hong Kong Hang Seng down 10% from its peak G old up 607% in HKD in last 20 years Dax K down 8% from its peak 20 years ago.G old up 422% in EUR London FTSE down 13% from its peak 20 years ago.G old up 684% in GBP Italy down 60% from its peak 20 years ago.Gold up 422% in EUR France down 24% from its peak 20 years ago.G old up 422% in EUR Spain down 58 % from its peak 20 years ago.G old up 422% in EUR Lousy price price performance of gold relatively speaking ? I don't think so. Of course Skol and others will drag out cumulative index returns including dividends to improve the numbers a bit but we all know many stock market investors don't invest in Index funds and their stock market investment outcomes and performances are probably even worse than the indexes might indicate in many cases.
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Max, 20 years ago was the low point for gold, it fell below $300/oz. So gold always looks good over the last 20 years. On the other hand in 1980 gold was at a high point, $800+/oz. So over 40 gold looks really bad.