I don't really like Apple Computer or understand its stock valuation, but I heard or read something about Apple Computer stock being a money substitute along with gold. How does it compare to gold?
The price of gold was $1604 on August 3, 2012. Today (Sept. 14) it is $1771, for a gain of 10.4%.
The price of AAPL was $616 on August 3. Today (Sept. 14) it is $693, for a gain of 12.5%.
I'd say it compares pretty well. Actually almost anything is better than the dollar at this point.
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