Gold Vs. Google 2 Years Later To The Day: One Is Up Over 70% the Other Only 4%
September 23rd 2009 Google hit $500 a share and Gold hit $1,00 an ounce and we asked the question:
“What you think is a better investment right now, Google at $500 a share or Gold at $1,000 an ounce.”
We put up a poll for a week and the results were split right down the middle, 50% picking Google, 50% picking Gold.
So we sit exactly two years later.
Google is trading at $520 a share up 4% over 2 years.
$10,000 invested in Google two years ago would be worth just $10,400.
Over the last 52 weeks Google has traded as low as $473 and as high as $643
Gold on the other hand closed at $1,755 up 75% from two years ago
$10,000 invested in Gold would be worth $17,555 2 years later.
Over the last 52 weeks Gold has been as low as $1,314 and as high as $1,907
So the worst you could have done at any point in the last year with gold is selling it for over 30% higher than two years ago, while Google you could have actually lost money with if you sold at the low of $473.
We will see where we are at next year.