Can you point to any 10 year period where gold has beaten an S and P 500 index fund with the dividends reinvested?
So they did this in 2014…….in preparation for their inevitable invasion into Ukraine……….in response to Obama’s foreign policy.
Trump’s first term delayed the invasion.
I look at the whole picture. I don’t save in dollars, I use paper dollars for spending only. My labor is stored in tangible assets, real estate, PMs, land, housing, collectibles, etc...depending on the current economic cycle.
https://www.bls.gov/cpi/factsheets/purchasing-power-constant-dollars.htm
“Purchasing power
The CPI can be used to show how the purchasing power of a dollar changes over time. The purchasing power of a dollar in 2022 was about 92.6 percent of the purchasing power of a dollar in 2021....”
Back to your question.
AI:
“The U.S. dollar has lost significant purchasing power over the past decade, with estimates suggesting a decline of about 25% to 30% due to inflation and economic factors. This means that what $1 could buy ten years ago now requires approximately $1.30 to $1.40 today”.
Gold has done well ( better than equities) in purchasing power since we ditched the Gold standard in 1971. That said, I snicker when everyone complains about Inflation and the dollar debasement....goods and services have never ever been cheaper when priced in PM’s.
AI:
“Yes, since 2001, gold has outpaced equities, turning a $10,000 investment into approximately $127,000, compared to about $77,000 for the S&P 500. This performance is attributed to gold’s resilience during economic crises and inflationary periods...”
Don’t argue with me, argue with the numbers.
Can you point to any 10 year period where gold has beaten an S and P 500 index fund with the dividends reinvested?
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Apples and aircraft carriers.
Compare gold and purchasing power over time, against cash stuffed into a mattress. Gold is money, not an investment.
1970s and 2020s.