Gold Surges Past S&P 500 in Five-Year Growth
- Gold has climbed an impressive 81.65% over the past five years, outpacing the S&P 500.
- Central banks have been accumulating gold in large quantities, likely as a hedge against inflation.
- Demand for gold is high, with Costco reportedly selling up to $200 million worth of gold bars every month in the United States.
Demand for gold is high, with Costco reportedly selling up to $200 million worth of gold bars every month in the United States.Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment.
Commonly regarded as a “safe haven asset”, gold is something investors typically buy to protect themselves during periods of global uncertainty and economic decline.
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It is for this reason that gold has performed rather strongly in recent years, and especially in 2024. Persistent inflation combined with multiple wars has driven up demand for gold, helping it set a new all-time high of over $2,400 per ounce.
To put this into perspective, Visual Capitalist’s Marcus Lu visualized the performance of gold alongside the S&P 500.