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Gold is not an Inflation Beating Long Term Investment

Gold is not an Inflation Beating Long Term Investment

Gold is often quoted as being a long term inflation beating instrument. However, in reality it is far from that. Over the past 23 years since 1990, the price of gold has risen 74.8%, from an inflation adjusted price of $730 per troy ounce in January 1990, to July’s 2013s average price of $1276 per troy ounce. A compounded annual growth rate of around 2.57%. Furthermore, extending this study over 46 years, all the way back to January 1967, when…

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