As Gold Outperforms Stocks, Mainstream Starting to Sit Up and Take Notice

Jon Precious Metals

Earlier this month, we reported that gold has outperformed stocks so far this century. If we index both gold and the S&P 500 to 100 as of Dec. 31, 1999, gold has returned 86% more than the market.
Gold also looks good on a shorter timeline. Despite Dow Jones records that have kept all eyes focused on the meteoric rise of the the S&P 500, gold has actually outpaced stocks in 2017. Now the mainstream is starting to sit up and take notice.
A CNBC article Friday noted ‘gold is doing something unusual and quite bullish.’
With a 12.2% year-to-date rally for gold futures and a 9.3% year-to-date rise for the S&P 500, 2017 is set to be the first year in which the yellow metal has beaten stocks since 2011. In that year, gold advanced 10.2% while the S&P 500 finished flat.’
CNN also jumped on the gold bandwagon, reporting the yellow metal has outpaced the stock market in a battle between ‘fear and greed.’

This post was published at Schiffgold on AUGUST 28, 2017.