Let's hope we don't have a period of stagflation like in the 1970's.Let's take a look at a 15 year slice of US data from January 1969 to January 1984.S&P 500 true CAGR return=.-83%*$1.00 grew to .89*total inflation= 186.24%**The stock market traded sideway & the dollar was worth only 35 cent in 1969 value.***Price of gold 1969=$41.28****Price of gold 1984=$424.00****price of gold taking inflation into account $424x.35=$148.40a 359% returnPrice of silver 1969=$1.81*****Price of silver 1984=$9.12*****price of silver taking inflation into account $9.12x.35=$3.19a 176% returnIn that period of time one would be better off holding gold &/or silver.The future? Beats me.Ladies & gentlemen, Place yer bets.*http://www.moneychimp.com/features/market_cagr.htm**http://www.inflationdata.com/inflation/Inflation_Calculators...***http://www.dollartimes.com/calculators/inflation.htm****http://www.nma.org/pdf/gold/his_gold_prices.pdf*****http://goldmastersusa.com/silver_historical_prices.asp
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