I thought I gave some pretty good financial advice back in October; however, Jon Stewart totally “scoreboarded” me with his advice back in Dec. 2000. I know it was intended as a joke (and a slam against Bush), but let’s take a closer look:
The price of gold in Dec. 2000 was $270/oz.
The price of gold today is ~$950/oz.
If you invested $10,000 in Dec. 2000:
- In a mutual fund that tracked the Dow Jones – today you would have $6,635
- If you had invested that money in gold – today you would have $35,185
Unfortunately for me, I missed this episode of The Daily Show when it first aired :(