Gold Was A Horrible Investment from 1500 to 1965Submitted by pil45 on Tue, 06/25/2013 - 09:09
"Ron Paul thinks gold could go to "infinity", which would certainly be a lot of dollars. But it won't be an easy ride into Buzz Lightyear territory for the shiny metal: gold has fallen 8.5 percent since Ben Bernanke started talking about tapering the Fed's bond-buying a month ago.
Of course, that's nothing compared to gold's looong bear market from 1500 to 1965. As you can see in the chart below from Goldman Sachs (via Zerohedge), it lost over 80 percent of its value compared to inflation-adjusted British pounds over those four-and-a-half centuries. That's a lot less than infinity."