OnchainDetective
How much is an investment of 1000 dollars in gold worth now, 10 years later?
Directly to the data: The average gold price 10 years ago was $1,158/ounce, now it is $2,744/ounce, an increase of 136%. That means your $1,000 has now turned into $2,360, with an average annual return of 13.6%.
Sounds good? Let's compare: during the same period, the S&P 500 increased by 174%, averaging 17.4% per year. Moreover, the S&P also has dividends.
Why do some people still buy gold? Gold does not generate income; it is merely a store of value. However, it has a magical quality – during stock market crashes
View OriginalDirectly to the data: The average gold price 10 years ago was $1,158/ounce, now it is $2,744/ounce, an increase of 136%. That means your $1,000 has now turned into $2,360, with an average annual return of 13.6%.
Sounds good? Let's compare: during the same period, the S&P 500 increased by 174%, averaging 17.4% per year. Moreover, the S&P also has dividends.
Why do some people still buy gold? Gold does not generate income; it is merely a store of value. However, it has a magical quality – during stock market crashes

