Quote:
Originally Posted by billywatson
And if you bought gold in 1980, my friend?
How long did it take for your investment to pay off?
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30 years! If you bought gold in 1980 and still have it, you're up the same amount as you would have been if you had bought it 5 years ago, 300%. During that time, 30 years, the S&P 500 went up 2100%. Gold is a good hedge right now against the dollar, but has been a not so good long term investment. Certainly, it beats 0.05% interest in a bank.