2024-08-23 18:38:15
The chart is misleading, partially because it doesn't factor in dividend reinvestment from the S&P 500. It also picks a start date when the price of gold was relatively low. [Link] NEEDS_MORE_RATINGS(6-1-7) Author
2024-08-23 22:05:06
This chart is not correct. The price of gold per oz was $971 in August, 1974, and is now $2487, or ~2.5x higher. [Link] In August 1974, the S&P500 was 453.90 and is now 5620, or 12 times higher, which is 4.8 times the increase in gold prices. [Link] NEEDS_MORE_RATINGS(8-0-4) Author
2024-08-24 10:13:52
Patient Winter Junco doesn’t seem to be able to do maths, since you can eyeball the chart and see that it is quite clearly about 5x higher now than in 1974. NEEDS_MORE_RATINGS(0-0-1) Author