Jim: > in other words, while gold and the S&P pay returns only via capital > gains, bonds also pay interest?
If we ignore the dividends to S&P tracking EFTs such as SPYDER, yours is a correct statement but the long term US treasuries did so well not because of the coupon payments but because of the capital gains due to falling long term interest rates. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
