> gold, the useless yellow metal, just hit another all-time-high today. hmmm, i wonder why?

What's to wonder?  More suckers are looking to lose even more money.  Gold being a useless yellow metal, is outrageously overpriced and must fall steeply, eventually.

. wrote:

1980 investors have recovered almost 60% of their money.

Told you it would pay off in the end!
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Assuming that there are people who bought gold at the 800 dollar peak in 1980, all they would have to have done was buy a small percentage more every year over the past 25+ years and they'd be way, WAAAAAAAAAAAY up.
Cost averaging, for the hard of thinking.

. wrote:

So today's gold purchasers are thoughtful investors who employ long-range strategies like dollar cost averaging, not blind lemmings piling into the latest bubble? Now I understand.

First it's about people who bought in 1980, now it's about people who buy today?

wrote:

Not to mention the fact that Gold is up 50% from that 1980 peak.

Meanwhile the Dow has taken a 30% hit since its peak in 2007.

Gold was an inflation-adjusted $2,000/oz in 1980. Buying then would have been like buying a Nasdaq index fund when it hit 5400 in 2000.

At least you're certain gold isn't approaching another sucker peak, so you must be right.

Heekee wrote:

i miss krunkme


old fren
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Hau is crews?

$800 in 1980 is equivalent in purchasing power to about $3,271.26 today, gold is $4,164 today.  So gold has, as of today, outpaced inflation.  Now...


What would $800 invested in the S&P 500 in 1980 be worth today, dividends reinvested?

$800 invested in the S&P 500 at the beginning of 1980 would be worth approximately $172,000 today, assuming all dividends were reinvested.

Using historical S&P 500 total returns, the estimate is based on roughly 46 years of compounding. One historical calculator puts $1,000 invested at the start of 1980 at about $192,219 by the end of 2025.