Gold Has Risen in 14 of The Past 17 Years, Far Surpassing Returns From Stocks

Published by Nick Laird | Sep 4, 2017 | Articles

Here's a recent quote from Fred Hickey of The High-Tech Strategist

"Including this year [as of 2 September], gold has risen in 14 of the past 17 years at a 9.4% compound annual rate, far surpassing returns from stocks. 

That's why I still contend we're in a long, secular bull market (driven by the central bank madness) and that the 2013-20155 decline was simply a sharp correction phase, not unlike the 1974-1976 cyclical bear period for gold in the 1970s secular bull market. 

That's why I also believe that we've now begun the second phase of the secular bull with the most spectacular gains in price still ahead of us."

 


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Nick Laird  Chartist / Member of the Goldbroker.com Editorial Team

   

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