Gold Has Outperformed The S&P 500 The Last 20 Years
From The Desk Of Anthony Pomplianoยท2025-10-23 16:16
Gold just did the impossible. GLD, the gold ETF, outperforming SPY, the S&P 500 ETF. The GLD is outperforming since it launched in 2004.And it's mind-melting. That flies in the face of so much conventional wisdom. Now, here's the thing.Gold is a non-productive asset. It's not supposed to drive yield. It's not supposed to have earnings. It's not supposed to outperform productive assets like stocks.Warren Buffett, one of the best investors in the world, he hates gold. He's not a fan at all. He doesn't like th ...