Returns over Last 20 Years... Berkshire Hathaway: +387% Gold: +488%pic.twitter.com/tsX3QgpfPC
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They performed rather poorly during the crisis years of the early-to-mid 1970s. (As did the stock market in general. But gold greatly outperformed them both).
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Gold also outperformed the stock market in those years.
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Indeed. IIRC gold went from USD$35 as fixed under Bretton Woods to floating at (briefly) $800, and consumer price inflation (CPI) was also high. The Dow Jones stock index was roughly unchanged from 1970 to 1980, but down about a factor of ten in CPI-adjusted terms.
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CPI and oil is also a useful report to build with e.g.
@FRED or pandas-datareader. We're floating! -
A maybe more helpful question/fixation might be: how can we most efficiently get capital to firms doing good things for global
#sustainability.#sustyreporting -
Would higher oil prices (regardless of supply) with revenues invested in clean alternatives be good for all involved!
End of conversation
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