Oh PLEASE, using an extreme top is the only way to make a point?? Must be a losing point then.
Why not plot Gold against the NASDAQ *since 2001* the the stock market hit an extreme top? Care to take that argument?
The only way to plot Gold is to do it after the gold window was closed by Nixon. Before then, it was the same as CASH.
Let's have some intellectual honesty here.
Ummm, the charts I posted were after the gold window was closed. So, you're admitting that someone who bought gold in 1980 underperformed the S&P 500? LOL!
Why not plot Gold against the NASDAQ *since 2001* the the stock market hit an extreme top? Care to take that argument?
Feel free.
How about gold vs Phillip Morris since August 15,1971? And this doesn't even include dividends, which today, at Altria's all time high, were 4.2%. They pay a dividend every year. Since 1971 that's a big chunk of change. Especially reinvested.
Let's have some intellectual honesty here.
Okay. What is gold's earnings and what dividend does it pay?