Yes, <had they not gone into gold, they could possibly have entered Wang Computer space, and ended up with nothing > or put half their money into Wang and half into Microsoft. Or all into Microsoft and then all into QUALCOMM.
Or, if they had simply bought the indices, they'd have been streets ahead of gold, but - oh heck, Dow was not even 2000 back then. Plus dividends... yes, much better to not buy gol- at $800 an ounce nearly 30 years ago. Ah, here it is - Dow around 500 to 800 at the beginning of the 1980s: djindexes.com
Dow now at over 12,000, while -old is still well behind $800 in 2006 dollars, let alone 1980 dollars, without paying any dividends to boot.
Even without extensive mathematical boe analysis, we can say that you are wrong, definitely. <<... fact is, a bit of gold never hurt anyone > > "A bit" of gold is the key - buying a tiny amount of gold would not have been a lot worse than eating a tiny amount of lead.
It's fair to say a bunch of randomly picked Dow stocks in 1980 beat Aztec token at $800 in 1980 dollars by a longggggg way.
Mqurice |
