Gold is tricky back to 1959 because it was pegged at $35/oz, despite money supply growing. If you go from 1968, gold is up 207%, CAGR 1.95%
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1.95% CAGR factoring in M2 from 1968 is still very telling. Especially after AU’s 2025 price action.
Thanks for the info my zapper is out of commission atm but I owe you ⚡️