- Gold has been a store of value for thousands of years.
- As of today, gold is up 800% over the past 25 years.
- Gold is also a safe-haven for investors as gold acts as a hedge against inflation during economic turmoil, delivering profits. This puts the commodity on a pedestal and is among the most sought-after investments in the markets.
- The average price of gold was $278 per ounce in 1999, today the gold price is $2377.00 per ounce.
- If you invested $10,000 in gold in 1999, you could have accumulated 36 ounces.
- Today that same gold could be worth $85,572.
- Gold has delivered nearly 25% year-on-year profits in the last 25 years from 1999 to 2024.
Gold has been a store of value for thousands of years and its glitter barely dimmed over the last few centuries. The precious metal is the most accumulated asset across the world as its price keeps inching forward every year. The commodity is also a safe haven for investors as gold acts as a hedge against inflation under economic turmoil delivering profits. This puts the commodity on a pedestal and is among the most sought-after investments in the markets.
Now let’s walk back 25 years and look at how gold prices fared over the last two and a half decades. It is been relentlessly pumping profits to investors who took an entry position for the long term. In this article, we will highlight how much profits gold delivered to investors from 1999 to 2024.
Profits In Gold Between 1999 To March 2024
The average price of gold was $278 per ounce in 1999 after it recovered from its all-time low of $252 the same year. The price of gold breached the $2,200 mark this week and is attracting heavy bullish sentiments in the charts. Gold touched $2,208 this week after the US dollar dipped post the Feds FOMC meeting on Wednesday. The profits in gold from March 22nd, 2024 now range from $278 to $2,208.
If you invested $10,000 in gold in 1999 at its $278 average price, you could get to accumulate 36 ounces. Fast-forward to 2024, gold prices are hovering around the $2,200 mark this week. Even when gold touched a high of $2,208, the $10,000 investment could have turned into $79,400 in profits.
That’s an uptick and return on investment (ROI) of approximately 620% from 1999 to March of 2024. Breaking it down further, gold has delivered nearly 25% year-on-year profits in the last 25 years from 1999 to 2024.
Story by Vinod Dsouza - Redacted shorter to keep to important points and bullet points added by HGG https://watcher.guru/news/gold-delivered-25-profits-year-on-year-for-25-years
