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Reply to "investing in physical gold"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I got gold coins once from a parent as gifts for grandchildren. I invested them by selling immediately, and putting the money into an index fund in their 529 plans. Gold has gone up like 5% total since then (over 10 years ago), so yeah that was the right move.[/quote] [img]https://goldprice.org/charts/history/gold_10_year_o_usd_x.png[/img][/quote] Yawn. Now do that for the S&P 500. I'll tell you which I'd rather have. [/quote] For those wondering- PP here who sold a while ago, I looked and it was late 2011 (longer than I thought!). Sold for just under $1900/ounce. Price today just under $2300/ounce. So that's an annualized growth over just over 12 years of 1.6%, not accounting for inflation. Average CPI in these years was 2.5%, so the gold had a net real loss of 0.9% annually. Total Stock Market fund annualized growth in last 12 years- 12.5%, or 10% net real gain annually.[/quote]
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