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I'm Sorry, But This Is Just The Worst

On Thursday, Bloomberg caught up with Apple cofounder Ron Wayne, who sold his 10% stake in Apple for $800 in 1976 (via @TheStalwart).

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Wayne told Bloomberg that over the past 40 years, he had kept most of his savings in gold. 

Since Apple went public in 1980, shares of the company have risen more than 20,000%; over the same period, gold is up 107%. 

Said another way, 10% of Apple is worth about $65 billion, while $800 of gold purchased in 1980 would be worth about $1,750. 

Here's the brutal chart. 

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Applegold3
Business Insider, data via Bloomberg

Read the whole story at Bloomberg here »


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