Investment Growth: $1000 in SPDR Gold Shares Over 5 Years
Here's How Much $1000 Invested In SPDR Gold Shares 5 Years Ago Would Be Worth Today
Image: Benzinga
An investment of $1000 in SPDR Gold Shares (NYSE:GLD) five years ago would be valued at $2,346.44 today, reflecting an average annual return of 18.35%. This performance highlights the impact of compounded returns over time.
- 01SPDR Gold Shares has achieved an annualized return of 18.35% over the past five years.
- 02The current market capitalization of SPDR Gold Shares is $149.90 billion.
- 03An initial investment of $1000 in GLD would have grown to $2,346.44 today.
- 04The investment outperformed the market by 5.93% annually during this period.
- 05The article emphasizes the importance of compounded returns in investment growth.
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Over the last five years, SPDR Gold Shares (NYSE:GLD) has delivered an impressive average annual return of 18.35%, outperforming the broader market by 5.93%. As of now, the fund boasts a market capitalization of $149.90 billion. For investors, this translates to significant growth: a $1000 investment in GLD five years ago would be worth $2,346.44 today. This substantial increase underscores the power of compounded returns in enhancing cash growth over time, making a strong case for the potential benefits of long-term investment strategies in gold.
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