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

Abstract

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

Erb, Claude B., Gold: The Best Performing Asset of the Last 3,000 Years? (April 9, 2014). Available at SSRN: https://ssrn.com/abstract=2406432 or http://dx.doi.org/10.2139/ssrn.2406432

Claude B. Erb (Contact Author)

TR ( email )

CA 90272
United States

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