[andy99]

So if I bought gold in 1980 my real return to now would be nothing?

To be fair, sounds like a good inflation hedge then, certainly doesn't sound like a particularly good investment.

[toomuchtodo]

The Rate of Return on Everything, 1870–2015 - https://www.frbsf.org/wp-content/uploads/wp2017-25.pdf | https://doi.org/10.24148/wp2017-25 - 2017

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