Let's see how an investment in gold in 1917, 108 years ago, has done..a long period like this smooths out short-term fluctuations.
In Sept 1917 inflation-adjusted gold was US$464
Today it's US$3,084.
Using the formula for compound interest, the annual return is.......1.77%...even an account at your local bank would have done better.
Don't spend it all at once guys.
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