Gold is down 17% from 2011 when adjusted for inflation. Digital Gold is filling the void.
https://ift.tt/zTef1Yj
I would like to suggest to adjust your dates and take some more time to dig in your numbers.
The performance of gold is highly dependent on the timeframe you pick.
More specifically, 2010-2012 was a bubble top. It was a huge move, broke all records for gold. The reason was of course the financial crisis and subsequent euro sovereign debt crisis.
Keep in mind that in your stats, that is your starting point.
If I were to do the same for BTC, example I start counting from the 2017 bubble top, BTC is “merely” a 2x today. Which is terrible because the NASDAQ is up like 4x on the same period, with less volatility and more returns. I could easily cherry pick dates to make any tech company look better than BTC.
Typically, gold has good decades and bad decades. What if you take a longer time period, for example 2000-2020? Then you see gold outperforming stocks, which is huge, and most certainly outperforming inflation.
Of course BTC is a much riskier asset so nobody expects gold to perform as well, but of course the other side of that is that you get much less volatility (no -80% “winter”) – so they shouldn’t be compared side by side.
Overall gold is fine and does its job on the market, just like with any asset make sure you don’t buy a freaking historical bubble top.
Gold does best whenever it’s “financial apocalypse” kind of times, like in 2008 and in the 1970s, and has a place in a portfolio even if a small allocation.
Cryptocurrency
