Gold As A Wealth Preserver & A Barometer, Not A Thermometer
Schwab Network
English - February 14, 2023 17:23 - 9 minutes - 109 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Fed's Bowman: Still Far From Achieving Price Stability
What are the benefits of holding gold versus other assets? "Gold from 1925 to 2020, went from $20.62 per ounce to about $1,900. This is a compounded rate of return of around 4.5%. Over long term, gold preserves wealth. Gold is also a barometer and not a thermometer. You can buy and hold gold and use it as a safe haven. Nothing is more negatively correlated to the S&P 500 or SPX. However, it gold moves with it at times," says David Morgan.