Real Rolling Gold Returns compared to Stocks

Previously, I posted historical gold prices back to 1791 and annual gold returns before inflation. In this post, I am comparing the average compound rolling returns (adjusted for inflation) for both stocks and gold over 1, 5, 10, 15, 20, 25, 30, 35 and 40 year intervals. 

For the period 1928-2012, the average annual compound real return of stocks = 6.0% and gold = 2.2%. However, the price of gold was controlled by the government until the mid-70s when the US finally abandoned the gold standard. For the period 1976-2012, the average returns were stocks = 6.7% and gold = 2.5%. 

Gold Data from MeasuringWorth. Stock data from Damodaran Online | Updated Data | Historical Returns on Stock Bonds and Bills - United States.  CPI from Measuring Worth

Graphs created in OmniGraphSketcher then pasted into Illustrator