Gold Investment: Returns Over 31 YearsMay 13, 2011 5:57 pm
Here is some interesting stat we spotted today:
” In 1978-79, the price of gold (London) was USD 208 per troy ounce. In 2009-10, it rose to USD 1023. The average annualized return (or CAGR) works out to 5.27% per annum. We don’t have the official average for 2010-2011 but assuming it is USD 1400 the CAGR works out to 6.14%.”
That number, to us was a surprise – just 6.14 percent CAGR?
Of course we have written about Gold Statistics before.