Gold: The Best Performing Asset of the Last 3,000 Years?
65 Pages Posted: 12 Mar 2014 Last revised: 30 Apr 2014
Date Written: April 9, 2014
Gold may have been the best performing asset of the last 3000, 2000 and 1000 years. Gold's long-run real return has probably been close to zero. Gold could very well be the best performing asset of the next 3000 years.
Keywords: gold, real price of gold, Ray Dalio, Warren Buffett, Seth Klarman, Bill Gross, Fritz Haber, Tutankhamun, Theban real estate, Hoxne, fear
JEL Classification: G10, G11, G12, G15, G28, E58, N20
Suggested Citation: Suggested Citation