gdx

Gold Continues to Outshine Equites

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This fact may surprise quite a few investors. During the period from January 1, 2000, through August 31, 2025, gold bullion delivered significantly higher returns than the S&P 500. Throw in last week where the S&P 500 Index rose 0.3% compared to 4% for GLD, the most-traded gold ETF, and gold’s outperformance widens further. However, … Read more

How Did the Stores of Value Hold Up during the Turbulent First Quarter?

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When ProShares launched BITO, the Bitcoin Futures Strategy ETF last autumn, the ETF along with Bitcoin were promoted as “stores of value.”  The rationale was that Bitcoin was independent of stock markets and would provide diversification away from equities and tend to rise when equity markets fell. Unconvinced, I wrote a column at that time … Read more