Their are many comparissons. Like indexing to inflation or comparing against house/car/average income etc.
Another example is the humble FX Holden. First produced in 1948 and sold for $1466rrp. So about 20x less than a similar Commodore today.
25x$40=$1000
Houses have sky rocketed in that timeframe. Average Melbourne house was $8,300 in 1960.
Safe to say that Gold has increased in value fairly in that time period. Maybe slightly above average. It should continue to go up, but so will most things.
Its a good sector for investing at the moment IMO, and KGL seems to have good future exposure. Producers are already pricing in the current gold price.
KGL Price at posting:
$1.85 Sentiment: Hold Disclosure: Held
