Gold is doing great for me; I have most of my 'loose change' in Kg bars. Started buying in the early 1980's, and again major buys in the late 1990's. After hovering around baselines of $1,100-$1200 recently it's gone up to around $1,500 or so, which on my average basis costs of around $350 an ounce is an 80% advance, and I'm selling some to get a new truck and some nice stuff for the grandkids for Christmas. I've never regretted buying all I could afford to for going on 5 decades.
recently it's gone up to around $1,500 or so, which on my average basis costs of around $350 an ounce is an 80% advance,
$350 to $1500 is an 80% advance...……….?
If your $350 investment takes 20 years to be worth $1,500, I calculate the annual compound increase at about 7.55%. Not a bad rate of return. Gold and silver have I some, just as insurance in case of financial disaster. I'll trade my Mercury Head dimes to the locals in return for hay for my sheep.
The original has been rolled over several times in 20 years; since it was up over 80% on my basis costs I sold some off, bought some goodies, and have a reserve to repurchase the amount sold off later. It may still rise some more, in which case I might sell some more, but for now I'm happy.