If you'd invested $100 in gold in 1960, buying 2.85 ounces, you'd have $4900 today
If you'd invested $100 in the S&P in 1960, reinvesting all dividends, you'd have more than $38,000 today.
They give this information away for free on Google, it's amazing.
If you'd invested $100 in the S&P in 1960, reinvesting all dividends, you'd have more than $38,000 today.
They give this information away for free on Google, it's amazing.
https://twitter.com/FleischerRonnie/status/1370729230540148736
If your theory of the case is that we are headed for hyper-inflation, the collapse of political authority, etc. ... it's bizarre to imagine that there's an INVESTMENT STRATEGY that will protect you. Investment strategies presuppose civil authority able to uphold property rights.
A little while ago, I moderated a panel of money managers. I asked the most pessimistic, "Are you one of those gold, guns, and canned goods guys?"
He answered, "In a real collapse, the only assets that matter are the guns. They'll take the gold and canned goods."
He answered, "In a real collapse, the only assets that matter are the guns. They'll take the gold and canned goods."
While inflation conditioned those who came of age in the 1970s, US monetary history has been much more deeply - and more painfully - shaped by DEFLATIONS, especially 1873-1896, 1919-23, 1930-1940, and 2008 onward.
Don't want to be hit by the bus?
Watch the oncoming traffic.
Don't want to be hit by the bus?
Watch the oncoming traffic.
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