Gold Delivered 25% Profits Year-On-Year For 25 Years

Gold has been a store of value for thousands of years and its glitter barely dimmed over the last few centuries. The precious metal is the most accumulated asset across the world as its price keeps inching forward every year. The commodity is also a safe haven for investors as GOLD acts as a hedge against inflation under economic turmoil delivering profits. This puts the commodity on a pedestal and is among the most sought-after investments in the markets.

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Now let’s walk back 25 years and look at how Gold Prices fared over the last two and a half decades. It is been relentlessly pumping profits to investors who took an entry position for the long term. In this article, we will highlight how much profits GOLD delivered to investors from 1999 to 2024.

Profits In Gold Between 1999 To 2024

gold profits xau usd
Source: Watcher Guru

The average price of gold was $278 per ounce in 1999 after it recovered from its all-time low of $252 the same year. The price of gold breached the $2,200 mark this week and is attracting heavy bullish sentiments in the charts. Gold touched $2,208 this week after the US dollar dipped post the Feds FOMC meeting on Wednesday. The profits in gold now range from $278 to $2,208.

Also Read: Gold Forecasted To Reach Another All-Time High of $2,460

Source: TradingView

If you invested $10,000 in GOLD in 1999 at its $278 average price, you could get to accumulate 36 ounces. Fast-forward to 2024, Gold Prices are hovering around the $2,200 mark this week. Even when GOLD touched a high of $2,208, the $10,000 investment could have turned into $79,400 in profits.

Also Read: Currency: What’s Happening With the US & Australian Dollar?

gold prices xau usd 2208
Source: Investing.com

That’s an uptick and return on investment (ROI) of approximately 620% from 1999 to 2024. Breaking it down further, gold has delivered nearly 25% year-on-year profits in the last 25 years from 1999 to 2024. Read here for a realistic price prediction on how high the gold prices could move ahead from here in 2024.

  • GOLD
  • gold price
  • Gold Prices
  • XAU/USD

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