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$1,391.7 gold futures

XAUUSD Chart (Gold), page-58

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timber1956

7,423 Posts.

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26/10/17

17:55

Post #: 28229043
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Originally posted by Skol ↑

A certain amount of money needs to be held and gold or silver are a wonderfully secure way in which to do so. As I've said here many times before, $42 cash in 1971 is still $42 cash today, in 1971 that was the cost of an ounce of gold. Today that ounce of gold is worth $1,270. Now that's real preservation without the worry of playing markets, assessing property and all the other intracacies of investing.
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Gold price 1971 $42........gold price now $1280....up 2947%

DJIA 1971 to 2017 including dividends..... up 11455%

Sydney house price 1971 - 2017 (EXCLUDING RENT) =4192%

As you can see gold would be one of the worst investments ever.

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@Skol

"As you can see gold would be one of the worst investments ever."

I can think of a few gold mining companies that have done worse... LOL
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0 Great analysis

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