You may have heard this story about the hundred year old woman whose bank account was opened in 1913. But what really caught our eye was this comment, "Gregg . . . received as gifts a $2.50 gold piece and a $5 gold piece, which went into the account. 'I wish I hadn't put those in,' she said, aware of gold's value. 'It was during the Depression, and my dad told me to put them in the bank.'"
Naturally gold bugs jumped all over that statement. "Of course she should have kept it because gold makes you rich!" they shouted. But in actuality the coins would be worth somewhere between $450 and $700.
Meanwhile, if she had invested that money in the stock market at an annualized return of 8.92%, she would have $6405.67 today. Stock market wins again.
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