‼️Gold outperformed all major stock markets in local currencies in 2024
Gold was a great asset to hold in an investment portfolio last year
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This is a fantastic chart presenting 2024 gold performance in local currencies in the US, Germany, Switzerland, China and Japan versus their stock markets.
As you can see, the yellow metal outperformed all these stock markets last year.
Notably, the biggest gap was seen in Switzerland when gold outperformed stocks by over 9 times. This is particularly interesting as many wealthy investors keep physical gold in duty-free warehouses in this country.
What is usually driving gold prices and what are its long-term perspectives? You can find out in the below piece:
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On a risk adjusted basis, Gold also held its own against Bitcoin.