This is not a good graph Julio, because it is comparing oranges and apples. S&P and Gold are fine but that 30-year bond is not, because while the S&P and Gold performances in that graph are measured in units of return, the 30-year bond performance is measured probably in terms of the "on-the-run" 30-year bond yield, which is, by the way, semi-annually compounding. For a more meaningful comparison, you need to replace that 30-year bond with a long-term US Treasury ETF, if you can find one, so that all performances are measured in returns. If you do what I suggest, we will see that in the same period the long-term treasuries did quite well too. It is for sure that they did way better than S&P but I don't have a feel for how they did relative to Gold, although I don't think they did that miserably: their performance should be in the range from 40% to 60% or so in that five years.
Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
