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Brien Lundin: Gold outperforms everything else this century ...
... But it doesn't mean a thing.
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By Brien Lundin
Publisher, Gold Newsletter / Golden Opportunities
Metairie, Louisiana
CEO, New Orleans Investment Conference
Wednesday, January 10, 2024
You may have seen the recent headlines proclaiming a World Gold Council study showing that gold has outperformed stocks and every other major asset class in this century.
Our friends at Monetary Metals have done a great job of spreading the word on this, especially through an insightful piece written by their editor, Mike Maharrey.
... Dispatch continues below ...
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As Mike notes, the "Dow Jones Commodity Index Gold (DJCI) tracks the gold market using the futures index. Dating back to the turn of the century, the DJCI has produced a 7.8% annualized return, according to S&P Dow Jones Indices head of commodities Brian Luke. That compares to a 7% return for the S&P500 over the same period."
This statistic isn't surprising to gold bugs, but it absolutely gobsmacks the mainstream investing crowd when it's put in front of them. I have often quoted it on social media as a rebuttal to many an anti-gold keyboard warrior's rant. ...
But then I quickly make one concession: This statistic doesn't mean a thing. ...
... For the remainder of the commentary:
https://goldnewsletter.com/go011024/
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with great GATA-label wine
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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