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Gold Can't Beat Interest-Bearing Checking Account 30 Years After Last Peak

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IT'S ALL IN THE TIMING
Gold’s best year in three decades has yet to match the returns of an interest-bearing checking account for anyone who bought during the last peak in January, 1980, according to Bloomberg."Investors who paid $850 an ounce back then earned 44 percent as gold reached a record $1,226.56 on Dec. 3 in London. The Standard & Poor’s 500 stock index produced a 22-fold return with dividends reinvested, Treasuries rose 11-fold and cash in the average U.S. checking account rose at least 92 percent. On an inflation-adjusted basis, gold investors are still 79 percent away from getting their money back."
SOURCE:   Bloomberg

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