If you watched the previously posted video to the end, you're now aware of why the Fed will lower interest rates. All part of the Genius Act. All of that long term debt is shifting to the short end; temporarily at a higher rate...then the Fed aggressively begins lowering the rate. The buyer of all that short term debt is likely going to be Tether; a stable coin...TBD.

When rates are kept below inflation, precious metals put on their jogging shoes

I was interviewed recently with a guest confronting my assertion that gold outperformed all major Asset classes. He was suggesting we look at the past 25 years. Have a look 👀 pic.twitter.com/XlHvq7G4Nd

— David Morgan (@silverguru22) September 3, 2026

TTUArmy said:

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I was interviewed recently with a guest confronting my assertion that gold outperformed all major Asset classes. He was suggesting we look at the past 25 years. Have a look 👀 pic.twitter.com/XlHvq7G4Nd

— David Morgan (@silverguru22) September 3, 2026

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I'll be very glad when the 2000 dotcom crash anomaly works its' way through these pseudo-comparisons. The S&P outperforms gold by 1.5-3.0% annually over either a 20 or 30 year period, but 25 years optimizes that one 1-2 year temporary sweet spot when gold outperformed significantly.

Enjoy the win (or recalibrate to move the goalposts further out - I'm guessing a 27-year chart will be de rigueur soon). I'm not arguing against gold, just against misleading charting.

Just kidding, kind-of...

I bleed maroon said:

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TTUArmy said:

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I was interviewed recently with a guest confronting my assertion that gold outperformed all major Asset classes. He was suggesting we look at the past 25 years. Have a look 👀 pic.twitter.com/XlHvq7G4Nd

— David Morgan (@silverguru22) September 3, 2026

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I'll be very glad when the 2000 dotcom crash anomaly works its' way through these pseudo-comparisons. The S&P outperforms gold by 1.5-3.0% annually over either a 20 or 30 year period, but 25 years optimizes that one 1-2 year temporary sweet spot when gold outperformed significantly.

Enjoy the win (or recalibrate to move the goalposts further out - I'm guessing a 27-year chart will be de rigueur soon). I'm not arguing against gold, just against misleading charting.

Just kidding, kind-of...

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You have proven you don't get it multiple times on this exact topic.

It's not cherry picking a point. It's saying SINCE the last major equity top, gold, which HOLDS its value and is the best guage at how much value the dollar has lost, has outperformed equities.

That means DESPITE the massive runup in stocks, simply allocating all of your money to gold in 1999 would have had you better off than the S&P 500.

Likewise, since 2011, the opposite is true. Staying in gold after the 2011 runup and not rotating back into a breaking out historic bull market in equities would have been a bad call.

And here we are again, equities historically high with earnings at historical peaks. And there are people out there throwing out "derp derp over a random 20 or 30 year period equities outperform derp".

No. At times like this, history proves this is exactly when you need to be rotating into wealth protection mode, not staying in risk on.

Understand the argument people are making instead of laugh cry blindly rage posting about your preferred instrument.

Heineken-Ashi said:

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I bleed maroon said:

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TTUArmy said:

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I was interviewed recently with a guest confronting my assertion that gold outperformed all major Asset classes. He was suggesting we look at the past 25 years. Have a look 👀 pic.twitter.com/XlHvq7G4Nd

— David Morgan (@silverguru22) September 3, 2026

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I'll be very glad when the 2000 dotcom crash anomaly works its' way through these pseudo-comparisons. The S&P outperforms gold by 1.5-3.0% annually over either a 20 or 30 year period, but 25 years optimizes that one 1-2 year temporary sweet spot when gold outperformed significantly.

Enjoy the win (or recalibrate to move the goalposts further out - I'm guessing a 27-year chart will be de rigueur soon). I'm not arguing against gold, just against misleading charting.

Just kidding, kind-of...

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You have proven you don't get it multiple times on this exact topic.

It's not cherry picking a point. It's saying SINCE the last major equity top, gold, which HOLDS its value and is the best guage at how much value the dollar has lost, has outperformed equities.

That means DESPITE the massive runup in stocks, simply allocating all of your money to gold in 1999 would have had you better off than the S&P 500.

Likewise, since 2011, the opposite is true. Staying in gold after the 2011 runup and not rotating back into a breaking out historic bull market in equities would have been a bad call.

And here we are again, equities historically high with earnings at historical peaks. And there are people out there throwing out "derp derp over a random 20 or 30 year period equities outperform derp".

No. At times like this, history proves this is exactly when you need to be rotating into wealth protection mode, not staying in risk on.

Understand the argument people are making instead of laugh cry blindly rage posting about your preferred instrument.

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So, you could magically know in early 2000, September of 2001, or Fall 2007 or early 2020 that the top was in? Is that really what you're arguing? Oh - I forgot - you have the magic crystal ball, huh? Well, if it tells you the top is in, are you recommending going to 100% gold right now?

Just messing with you H-A - I knew you'd be along to tell me the error of my ways.

And for others, an allocation to gold can make sense, but swinging to 100% equities or gold at any point in time because of "feels" or "charts" is actually trying to time markets, which mostly has a terrible record. Hindsight is always 20/20, of course - that's why backtesting is helpful, but not particularly meaningful in a forward-looking decision. If H-A or others were simply saying to make defensive moves in your portfolio, including increasing hedging activity, buying gold, other hard assets, etc., I'd have no argument, but to each his own...

Quote:

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Quote:

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No. At times like this, history proves this is exactly when you need to be rotating into wealth protection mode, not staying in risk on.

Understand the argument people are making instead of laugh cry blindly rage posting about your preferred instrument.

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Oops - forgot to address a couple of your rage posting arguments :

- "History proves" is simply wishful thinking, as I mentioned above, and no one should take one person's take that the top is in to make drastic portfolio adjustments (which was my whole point, here).

- How do you know what my "preferred instrument" is? It could be land, bonds, or the trombone, for that matter. And FOR THE RECORD, I like gold - - I own gold - - physical, ETF, and a few gold miners (one I think was an H-A recommendation I liked after doing my own research). I have no problem with an allocation to precious metals AT ALL. It's not an all-or-none equation, in case casual readers are wondering from the H-A diatribes. Sorry for the sidebar - H-A and I enjoy having this argument every few months...

I mean.. the market was literally parabolic. It was the most overbought market since 1929. While timing was an impossible call, it was absolutely wise to be diversifying into wealth protection mode back then, just as it is right now and will continue to be for the foreseeable future.

I wasn't trading then. But I can imagine the sentiment wasn't far different than what we've experienced since 2020.

The point remains not that anyone is trying to claim gold is always the best investment. But that it's NOT normal for gold to have outperformed THIS long, despite equities going on a generational run for nearly two decades. For equities to STILL not have overtaken gold to this day shows that investment gains have largely been driven by devaluation of the dollar and inflation, not economic productivity. For more proof of that, go measure SPX against M2. They are exactly back to breakeven against the 2000 top. That means despite the generational run, we are right where we were as a country in 2000. And gold is much HIGHER, though measuring gold against M2 is faulty, as the price of gold IS the measurement of the inflation adjusted dollar.

This isn't a gold is better argument, or equities are worse. It's an "understanding why things are the way they are" discussion. Failing to understand it is like pissing in the wind.

Fair enough, my friend. A lot of opinion above in your longest paragraph, and you still are using the word "proof" pretty loosely. I'll live with your response, and consider this yet another stalemate - opinions vs. opinions usually end up this way.

[EDIT] As a proof of my goodwill, I'll leave the lack of S&P 500 dividend reinvestment purposely left out of the charts for another day.

I bleed maroon said:

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Fair enough, my friend. A lot of opinion above in your longest paragraph, and you still are using the word "proof" pretty loosely. I'll live with your response, and consider this yet another stalemate - opinions vs. opinions usually end up this way.

[EDIT] As a proof of my goodwill, I'll leave the lack of S&P 500 dividend reinvestment purposely left out of the charts for another day.

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I believe the chart I posted from David Morgan was with S&P 500 dividends re-invested.

Saw this and it made me think about this thread.

https://www.tiktok.com/t/ZTUXTvhVV/

I know this isn't gold/silver. Copper up almost 50% TTM

You can sell your wheat pennies for milk if copper goes up 3,000% ... energy couldn't function like that, and a society with no energy isn't much fun to own precious metals in

Dead thread? Good time to buy.

jagvocate said:

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Dead thread? Good time to buy.

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Was waiting for under $50 again for silver. Went under $60 last week.