Gimpy Gold

Gimpy Gold On 8/15/71 President Nixon ended convertibility of the US dollar into gold. Since, gold has appreciated from $35/oz to $1,800/oz, an 8.2% annualized rate of return. Had you instead invested in the S&P 500 and reinvested dividends, your rate of return would have been 11.2%. Over just the past 40 years, gold’s annualized rate of return has been just 3.6% vs. 12.2% for the S&P 500 and 8.2% for Treasuries.