Do gold I’m curious

Over the same time period against gold US$/oz, back to Jan 1959, The Dow is -41.4%, a CAGR of ~ -0.8% over 67 years. For S&P, ~ -14%, a CAGR of ~ -0.2% over 67 years. You can go much further back with gold though, 1884 for S&P and 1896 for Dow.

Sorry I meant AU/M2 but that is interesting to see equities CAGR priced in gold too.

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%

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 ⚡️

The only caveat here might be dividends and if you reinvest them. I could probably do that and it would make stonks look better, but I’m going to move on.