Housing in Irving
What if you wanted to buy a house in Irving. Over the past 10 years, Prices have increased over 144.44%, one of the fastest growing markets in the country.
Average Price of a 2 Bedroom Home: $1,992
10-Year Change: 144.44%
10-Year Gold Price Change: 11.53%
The price of real estate in has outpaced the price of gold over the past 10 years. Imagine if you had sold all your gold and invested in real estate!
Stock Market Performance
What if you had sold your gold and invested in the stock market 10 years ago? Despite all the people that love to say “gold always goes up” – traditionally, it just hasn’t gone up as quickly as other investments. Take a look at returns over the past 10 years.
10-Year S&P Return: 169.17%*
10-Year Gold Return: 11.53%*
So if you had sold your gold 10 years ago and invested in the stock market, you’d be way ahead right now.*
Performance is never guaranteed of course, but historically the average rate of return of the S&P of 12.3% significantly outpaces gold’s returns of 5%, while also being a more liquid financial holding. If you had purchased a one ounce bar of gold for $1650, it would be worth $1960 today. Not bad, right? Well, if you had put that $1650 in the S&P 500 instead, it would be worth $4441. Ouch. That's a lot of money to lose.
* Data as of July 22, 2023.