Often experts compare the performance of gold to equities over the last century. But this is sort of like comparing apples and oranges. Firstof all, most companies that existed in 1890 no longer exist today. If you invested in stocks in 1929, most of them are bankrupt anyway. So you had to rebalance your portfolio.
Still, there will be periods of time when equities perform better than gold and silver, such as in 2009 when the stock market bounced from the sell-off that was triggered by the financial crisis that began the previous year. Then there will be times when gold and silver perform than equities and certainly better than bonds and cash U.S. dollars.
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Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), SPDR S&P 500 ETF (NYSE:SPY)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
