Gold · worst-case entry

What if you'd bought Gold at the exact 2011 top?

$500/month starting 2011-08-22 — the single worst entry day of the era, straight into a 46% crash. Real adjusted closes, T+1 execution, versus a lump sum on the same day.

If you invested $500/month in Gold from 2011-08 to 2026-07...

$215,452

grown from $89,500 invested over 14.9 years. +$125,952 (+140.73%)

DCA from the top vs. lump sum at the top

Same total money — $89,500 — deployed two ways from 2011-08-22: $500 every month, or everything on the peak day.

StrategyFinal valueTotal returnAnnualized
DCA from the top ahead$215,452+140.7%11.0%/yr IRR
Lump sum at the top $176,954+97.7%4.7%/yr CAGR

Growth over time (DCA)

Dashed: cumulative invested · Solid: portfolio value

Investment schedule

Per investment
$500.00
Frequency
Monthly
Window
2011-08-22 → 2026-07-16
Duration
14.9 years
Number of investments
179
× $500.00 each

Results

Total invested
$89,500
179 × $500.00
Final value
$215,452
as of 2026-07-16
Total return
+$125,952
+140.73%
Annualized (IRR)
11.02%/yr
compounded over 14.9 years

Buying the 2011 gold top: what actually happened

Gold peaked in August 2011 amid the US debt-ceiling crisis and eurozone panic, with GLD closing at $184.59. It then ground down 46% over four long years, bottoming in December 2015, and didn't reclaim the 2011 high until July 2020 — nine years underwater.

Gold pays no dividend, so a lump-sum buyer at the top had nothing to show for nearly a decade. The monthly buyer kept adding through the 2013–2019 doldrums at $100–$130 per GLD share; those cheap ounces are the entire margin between the two results below.

Cite this stat

A $500/month DCA into Gold started at the August 2011 gold peak (2011-08-22) would be worth $215,452 on $89,500 invested (+140.7%) as of July 2026, while the same total invested as a lump sum at the peak would be worth $176,954 (+97.7%).

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Frequently asked questions

What happened after the August 2011 gold peak?
Gold fell 46% from the 2011-08-22 peak, bottoming on 2015-12-17. The price first closed back above the peak on 2020-07-29.
Did DCA beat a lump sum bought at the 2011 top?
As of July 2026: DCA from the top is worth $215,452 versus $176,954 for a lump sum of the same total money invested on the peak day. DCA is ahead — the crash purchases lowered the average cost far below the peak.
How is this calculated?
Yahoo Finance adjusted closes (dividends reinvested, splits applied). Monthly buys on the same day-of-month as the peak date; buys landing on non-trading days execute at the next trading day's close (T+1). Annualized return is IRR computed on the actual cashflow schedule. No fees or taxes modeled.

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Test a different amount, start date, or frequency against the same Gold dataset.

Other worst-case entries

Disclaimer: This page is for educational purposes only. It is not investment advice. Historical performance does not predict future results. Always do your own research.