Three things you didn’t know about the crash of 1929 | Sovereign Man
October 28, 1929– 90 years ago today– is known as ‘Black Monday’ in financial circles.
2) Stocks fell by nearly 90% in 1929… and it took decades to recover.
3) Adjusted for inflation, stocks have returned just 1.7% per year since 1929.
Even over the past 20 years– if you go back to late 1999, the stock market has only returned about 2.2% per year when adjusted for inflation.
Think about all the risks and wild market swings that investors have had to deal with over the past 20 years– all for a measly 2.2%.
When adjusted for inflation, gold has averaged a 1.8% return since 1929 (slightly higher than stocks), and a 6.7% return since 1999– more than 3x as much as stocks.
But unlike stocks, people who own gold haven’t had to put up with the same risks. No shady brokers. No WeWork bullshit. No Enron scandal.