Hi allThis thread is purely based on history and may not have...

Hi all
This thread is purely based on history and may not have any relevance to many of you.
The great Divergence occurred on 14/04/2013. Gold Spot as a hedge and Tech as an investment.
At this point I am comparing non yielding gold vs NASDAQ-100 Technology Sector NDXT as at 14/04/2013.
Gold at close 15/04/2013 $1,416.00 U.S
NDXT at close 15/04/2013 $2,780.46 US
Form the 14/04/2013 NDXT (Tech Starts to fly) and Gold plods along its true course.
Fast Forward to today 07/08/2024:
Gold Spot Price = $2,390.00 Since 2013 up 68.78%
NDXT Price = $18,077.00 Since 2013 up 550%
Oh it is obvious Tech has been pushed beyond all expectations and I will say good for them.
Now comes the Convergence:
Gold Spot Price 07/08/2023 = $1,936.00 Present day 07/08/2024 = $2,390.00 Up 23.45%
NDXT Price 07/08/2023 = $8,226.00 Present day 07/08/2024 = $18,077.92 Up 119.75%
Tech Stocks have continued to pump but at a massively descending rate over the last 12 months.
I do believe the forward trade is commodities vs tech. I am not discounting the tech sector but my gut feeling is Tech is so far over bought , pumped , and over valued when you consider zombie (bad business models) , Leveraging and of course rhetoric that it will be pulled back into alignment with other good business that have fair valuations. I feel the circus is closing and the reality of back to business, true business, is coming.
As per the info above it is only Historical data.
I think Gold and commodities in general will flip the investment arena as some relevance returns to that which we:
Eat / Drink / Heat / Drive and use to maintain our fortunate existence.
Food For Thought.