Since the Nasdaq low in October 2002...
The Nasdaq has outperformed gold by 30%.
The Nasdaq has outperformed gold by 30%.
Yeah but the HUI Gold Stock Index has ouperformed the NASDAQ by 23%.
HUI Gold Stock Index = Green NASDAQ = Blue
For a long time platinum and gold were about the same price. Now platinum has continued to move higher, with inflation I suppose, while gold has fallen relatively to about 1/2. Platinum has industrial use in this environmental age, so that may be why it has kept up with inflation. Gold has some use in electronics and paintings of saints, but it seems to be mainly for jewelry and some kind of hedge against the eventual collapse of civilization [got to wonder if even gold would make a stout enough wall against the starving, irradiated hordes]. Aside from the adage that one must have gold to make gold, there wouldn't be any particular need to keep gold around, but owning a gold mine would be not a bad idea.