I wonder if USD keeps falling, will SNB start intervening and buy USD?
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They could but my guess is they have to choose between staying closer to the Euro or the USD, which arenât moving in tandem currently. My guess is theyâre prioritizing the Euro.
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Well, what happened the last 20 years leading to the starting point of your graph?
Gold was in deep red for 20 years where as S&P skyrocketed (didnât have time to put better graphs but the cumulative performance diff is huge)
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I was thinking the same, starting at year 2000 certainly helps convey a certain message.
It just reminds you that you can prove anything with selective use and presentation of data.
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Youâve very right. But 25 years is still a long time. Imagine someone born in 1975. In 2000 they start working full time, saving and investing. Now itâs 2025, they are 50 years old. At this point, the shiny metal sitting in his safe would have been given more value than proportional ownership in all US companies (or global).
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Noone invests only once in their life. Noone.
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That is correct. But there are long periods gold does great and long periods really bad. If you are lucky to be born/invest at the correct period, all good. If not, maybe in the next reincarnation 
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Yes. This is in part due to the fact that asset prices are somewhat not synchronized in time. There are some pretty big delays between one asset catches up with the other. But of course at the time when itâs happening, itâs never obvious which asset is lagging 
.
Hereâs a chart showing the last 10 years with equal monthly investments.
I removed bitcoin as it makes all other assets look tiny.
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Yes. Of course. I just posted a dca example, sadly not for 25 years, only for 10.
My point is only that when you look what value the market assigns to two assets at two points in time, you should in theory derive from that how âproductiveâ these assets were. If we assume that gold is a reliable measure of value, as its supply is mosty limited, then the conclusion would be that the S&P 500 destroyed value in the last 25 years, despite it being seemingly overpriced currently (given the very high P/E).
I wouldnât complained about the performance of any of these indexes the last 10 years! (ok excluding bonds)
Wish I was fully invested even in VT in/from 2015. No need to be greedy.
But I get your point about gold not doing anything productive⊠(almost)
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If only I could let my next reincarnations know what I bet on, so that they also bet on that, and at least one of us can win.
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Starting 2000 is a little unfair though 
Donât you wish you could have? Ok, letâs say start in 2001, better? 
Regular investing from 2001-today would make anyone very well off!
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No way Iâm reading my own post from the past, bro. Itâs like listening to a recording of your own voice. Too much cringe.
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maybe this is a good argument for why gold is overpriced right now?
Depends how we define our âvalue(s)â 
The point is not if Shares perform better than Gold or the other way around. The point is that THOU SHALL INVEST IN A MULTI-ASSET Portfolio. Where Shares are in the range of 25% to max 75% and where Gold was in a Range of 2.5% to max 25%.
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Looks like it:
Warum die SNB trotz Franken-Rekord mit Interventionen am Devisenmarkt abwarten dĂŒrfte
But apparently its a talking point nowâŠ
I need to be a smartass here You can also by shares of an gold etf or shares of just about anything actually. I know you mean shares of stocks, but I cringe a little each time someone means shares = stocks.
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