Gold leads all other major investment asset categories through the end of May 2020, although stocks have made a strong comeback in April and May 2020. Gold is up 15% year-to-date versus double-digit declines in the Dow Jones Industrials and European stock market, while the widely-quoted S&P 500 is down 8.3%, and the tech-heavy NASDAQ composite has delivered a positive performance of just +5.76% through May 31, 2020.
The Wall Street Journal U.S. Dollar Index is up 3.3% through May 31, meaning gold has performed an average 3.3% better in global currencies than in dollars. Gold is up over 20% year to date in the Canadian dollar, Indian rupee or British pound, and gold is up over 50% in a troubled currency such as the Brazilian real.
This story is from the August - September 2020 edition of COINage Magazine.
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This story is from the August - September 2020 edition of COINage Magazine.
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