Rep07

Picking Apart the WSJ's Manipulative Gold Reporting

There's no error in the S&P return calculation. There's an error in your thinking.

You're forgetting the S&P dividends paid over all those years. They add up. And they compound. That's one of the disadvantages of gold. It doesn't pay any dividends as it sits out back in your bomb shelter with your survival rations, guns, and conspiracy-theory books.

BTW, the gold chart since 2000 bears a striking resemblance to the stock market just before the dotcom bubble burst. An accelerating, unsustainable parabolic rise which always, inevitably leads to a collapse. Followed by years of underperformance.

Sell now, do yourself a favor.