If you could go back in time, let’s say twenty years and invest $100,000, where would you put it? I bet gold would be one of the least mentioned answers. I mean, come on you’re talking about the coins my grandpa collects, the late-night infomercials on Fox. But here’s the thing: boring old gold has returned about 729% over the last 20 years. That means you’d be sitting on quite a nice profit. And pro tip gold is IRA-eligible.
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As we can see on this chart, gold had a huge move up in the late ’70s before crashing and then staying sideways for over thirty years. If gold is a hedge against inflation—wow, we’re really in trouble. Just look at the chart after the 2008 financial crisis: we’ve done nothing but go higher. The government continues to spend, blowing air into the balloon, and boring old gold not only returns a pretty penny but also clearly shows how inflation has decimated the value of our currency.
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