Posted on 09/09/2011 9:32:29 AM PDT by Palter
If on September 11, 2001, you sold stocks and bought crude oil, silver and gold — as many people did — and then held those things for the next decade, you’d have done really, really well.
A chart posted by Bespoke Investment Group yesterday illustrates this starkly.
The best performing asset class of the past decade has been silver, up more than 900%, from $4.16 an ounce to nearly $42 at last check. Gold has been a healthy second, up nearly 568%, from about $272 an ounce to about $1854.
Crude-oil, which everybody expected to be a big winner after Sept. 11, has gained, though not as much as gold and silver, rising 225%, from less than $28 a barrel to about $86.
The biggest post-9/11 losers have been the US dollar, European stock markets and financial stocks in the S&P 500.
(Excerpt) Read more at blogs.wsj.com ...
NY Slimes..down 82%..ya think?????
It is not correct to show the yield on 10 year bonds. They should have shown the price on 10 year bonds.
If you had bought 10 year bonds in 2001, they would be worth more than double today.
At some point the “stock bugs” are going to realize the error of their ways and start selling those stocks and buying gold.
It also looks like the S&P 500 will close under 1150 today so that will mean it will only be 5% above 2001 vs the 9.7% as shown in the chart.
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