gold, page-124792

I have seen 2 recent articles stating that gold has outperformed the performance of the US S&P 500 index since2000 and also over the last 25 years. Attached is an article on that topic with some extracts below. I note gold’s outperformance has
reduced in the last few years with the S&P’s great performance.

“According to analysis by the World Gold Council, gold outperformed emerging market stocks, U.S. bonds, the U.S. dollar, global treasuries, and commodities in general. The only asset classes that performed better than gold were U.S. stocks and developed-market foreign stocks.

But if we go back deeper in time to 1999, gold has narrowly outperformed stocks on an annualized basis as well.

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 percent annualized return, according to S&P Dow Jones Indices head of commodities Brian Luke.

That compares to a 7 percent return for the S&P500 over the same period.

Adjusting for volatility, gold has also demonstrated better risk-adjusted returns than stocks in the 21^st century, with a Sharpe ratio of 0.48 versus 0.45 for equities.”

https://www.fxstreet.com/analysis/gold-has-outperformed-the-sp-500-in-the-21st-century-202401091710