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