Posted by MarkB_MI on January 01, 2019 at 04:56:30 from (174.230.17.5):
So, how did the stock market do this past year versus the popular "guns and gold" investment strategy?
Not a great year for the stock market. The S&P 500 closed December 29, 2017 at 2674. Yesterday it closed at 2507, down six percent for the year. Add in the two percent dividend paid by the S&P 500 and the net loss is roughly four percent.
For my gun price index, I've been using the sale price of a Bushmaster "Patrolman's Carbine" from the regional Dunham's sporting goods store. Unfortunately, Dunham's doesn't put that gun on sale as often as they used to, so the last time it was listed on their sale flyer was in November. A year ago it sold for $800; in November it was $750, a six percent drop.
As for gold, the London fix for December 28, 2017 was $1291. December 28, 2018 it was $1279, a one percent drop.
So, if you had your money split between guns and gold, you would have beat the stock market last year by about half a percent. That's the first time since I started running these numbers several years ago that guns 'n' gold came out ahead. Of course, last year was the worst year for stocks since the recession.
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