Back in September 2009, there was a day where Google hit $500 a share, having recovered from the bottom of the market price of $280 and Gold hit $1,000 an ounce.
Well its been about 18 months later and we posted about Google announcement of earnings yesterday and a reader reminded me about the Google Vs. Gold post so thought it would be a good time for an update.
So Google is trading today at $540 a share which is up 8% from $500 a share.
Gold on the other hand is up to just shy of $1,500 making it up 50%.
The poll resulted in a split decision with just as many people picking Google as Gold.
Personally I picked Google but didn’t buy any.
Shortly thereafter I bought some Silver (SLV) and Gold (GLD) EFT and continue to hold them.
Google in all fairness was trading in the $620 just a few weeks ago which would have put it over 20% return but Gold march higher has been steady and with Congress now facing raising the nations debt limit past $14 Trillion, I think I holding on to my Gold and Silver.