Analysis of Gold's Performance Since 1971 Highlights Investor Challenges

Crypto KOL Bill Qian posted on X. Since 1971, gold has experienced losses in 40% of the years. If the pain of losses is considered to be twice as impactful as the joy of gains, the pain value would be 80%, calculated by multiplying 40% by 2. Conversely, the happiness value from the 60% of years with gains would be 60%, calculated by multiplying 60% by 1. This suggests that even holding gold from 1971 to the present, the pain experienced by investors may outweigh the happiness.