8 min listen
Gold As A Wealth Preserver & A Barometer, Not A Thermometer
FromSchwab Network
ratings:
Length:
9 minutes
Released:
Feb 14, 2023
Format:
Podcast episode
Description
What are the benefits of holding gold versus other assets? "Gold from 1925 to 2020, went from $20.62 per ounce to about $1,900. This is a compounded rate of return of around 4.5%. Over long term, gold preserves wealth. Gold is also a barometer and not a thermometer. You can buy and hold gold and use it as a safe haven. Nothing is more negatively correlated to the S&P 500 or SPX. However, it gold moves with it at times," says David Morgan.
Released:
Feb 14, 2023
Format:
Podcast episode
Titles in the series (100)
The State of the Labor Market by Schwab Network