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Do a 50- or 100-year comparison! 😅
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@Epi Since I won't live that long, I'm more interested in how gold will perform against the S&P500 over the next 25 years.

For the reasons mentioned above, I see a clear advantage for gold ... and will continue to do so 😉
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@Part_Time_Joe Well, look for the charts showing the 25 years after a 25-year boom in gold! 😅

Or leave it and be surprised by the disadvantages of the recency bias! 😏
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@Epi You are free not to invest in gold... I do and have done very well with it. 👍🏼
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@Part_Time_Joe Haha, if you only knew how much gold I have in my portfolio! 😂
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@Part_Time_Joe You can also simply use any other 25-year period, 1995-2020 or whatever. It's a nice gimmick to push the comparison period to 2 points in time that are as unrepresentative as possible, but to base your future return expectations on this... you just have to want to.
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@geht-nicht I don't extrapolate from past performance to future performance. Who does that?

I have already written the reasons why I believe that gold will also outperform in the future
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@Epi Why do you hold gold if you think it will underperform? What is the point?
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@Part_Time_Joe I hold gold because I was convinced in 2018 that it would outperform. I bought more until 2022 and have been holding since then. I am no longer convinced that it will outperform in the next 10 years.

Why? My price target of USD 4500 has almost been reached. This is the result of the last cycles.
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@Part_Time_Joe that may be, but a 25-year comparison of the last 25 years is not really meaningful for the next 25 years. You would still have to use a longer period of time as there have always been different periods/cycles. Who says that the next 25 years will not be the same as the last 25 years before 2000?
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@BamBamInvest

Summary of average annual returns

the last 50 years (approx. 1975-2025)

- S&P 500: approx. 9-11% per year (total return).
- Gold: approx. 6-8 % per year (price return).

This does not mean that gold will perform worse over the next 25 years; it would have been interesting to include a few more 25-year periods as well ✌️
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