Gold Leads All Investments
COINage Magazine|August - September 2020
Gold Leads All Investments
THE FED CAN’T PRINT GOLD
Mike Fuljenz

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.

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August - September 2020