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To: benwood who wrote (14226)10/28/2004 6:38:16 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 116555
 
$1,000 worth of Gold in 1959 is worth $12,080 today providing you with a 5.70% annual return - at least before taxes.

By contrast, $1,000 worth of the Dow Jones Industrials index would be worth $15,819 today, providing you with a 6.33% annual return - at least before taxes.

The Dow Jones 30 was around 632 in 1959 and around 10,000 today.

.



To: benwood who wrote (14226)10/28/2004 6:49:52 PM
From: RealMuLan  Read Replies (2) | Respond to of 116555
 
But what if you bought some stocks in 1959? perhaps you could end up more money than buying gold, right?<g> I don't mean now this is the situation any more. What I meant: that was just a good old time which is gone and never will return. Even if you own gold now, 45 years from now, it will not be 12 times high in price any more.


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