Gold As A Wealth Preserver & A Barometer, Not A Thermometer
b'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.'