Gold Investment: Returns Over 31 Years

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.