The War on Cash Hates Gold: “Experts” Forget Gold Has Outperformed Stocks For 40+ Years

Sunday, September 6, 2015
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
09/06/2015

Warren Buffett once noted, Gold doesn’t do anything “but look at you.” It doesn’t pay a dividend or produce cash flow.

As someone who’s devoted his life to increasing his wealth, Buffett should know better than to say this because the fact of the matter is that Gold has dramatically outperformed the stock market for the better part of 40 years.

I say 40 years because there is no point comparing Gold to stocks during periods in which Gold was pegged to world currencies. Most of the analysis I see comparing the benefits of owning Gold to stocks goes back to the early 20th century.

However Gold was pegged to global currencies up until 1967. Stocks weren’t. Comparing the two during this time period is just bad analysis.

Indeed, once the Gold peg officially ended with France dropping it in 1967, the precious metal has outperformed both the Dow and the S&P 500 by a massive margin.

See for yourself… the below chart is in normalized terms courtesy of Bill King’s The King Report.

The Rest…HERE

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