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  1. Largo

    Culture At What Point is Too Much?

    That chart of yours? Gold delivers a comparable return to the S&P500 when your starting date is only in two periods: from about 1964 to 1972, and from about 2004 to 2006. At any other time, including the 1930s period which you tried to use, the S&P gives substantially higher returns. I'm...
  2. Largo

    Culture At What Point is Too Much?

    You're not adjusting for inflation.
  3. Largo

    Culture At What Point is Too Much?

    What are you talking about? In October 1921, the inflation-adjusted price of gold was $323.43. Today, gold is $1767.40. So in 100 years, the price of gold has increased by about 550%. By comparison, the Dow Jones has increased about 30fold over that time period. The S&P500 if you use a 50-year...
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