Here’s a chart some gold bugs produced that shows how gold and US equities have performed over the arbitrary period selected (1968 to 2010):
According to the bugs, the fact that over this period gold rose twice shows it’s a sound and valuable asset class:
The folks at MF Mine Fund argue that Altucher cherry picked a period that coincided with the peak of the previous boom, and as such they’ve put together this chart, breaking the time since 1968 down to three periods. As you can see, only in the middle one do equities out perform. The norm over the last 40+ years is for gold to outperform.
Altogether now: Hmmm.
(Source: Business Insider)
