Cryptocurrency Q&A
What if I invested $1000 in gold 10 years ago?
What if I invested $1000 in gold 10 years ago?
EnchantedDreams
Sun Oct 27 2024
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6 answers
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I'm wondering about the outcome if I had made a $1000 investment in gold a decade ago. I want to know how that decision could have affected my finances today.
6 answers
DongdaemunTrendsetterStyleIcon
Tue Oct 29 2024
Investing in gold a decade ago would have yielded a significant profit.
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Luca
Tue Oct 29 2024
Specifically, if you had invested $1,000 in gold ten years prior, the value of your investment today would be $1,886.56.
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SsangyongSpirit
Tue Oct 29 2024
While this return is not insignificant, it is important to consider other investment options and how they have performed over the same period.
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Giulia
Mon Oct 28 2024
For instance, investing in stocks, particularly through the S&P 500 index, would have yielded a much higher return.
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LightningStrike
Mon Oct 28 2024
Over the last ten years, the S&P 500 has risen by 174.05%, representing an average annual return of 17.41%.
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