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Gold is considered a unique asset because of its enduring value, historical significance, and application in various technologies such as computers, spacecraft, and communications equipment.
Usually seen as a “safe haven”, gold is something that investors usually buy to protect themselves during times of global uncertainty and economic decline. This is why gold has performed quite strongly in recent years, and especially in 2024.
Inflation combined with wars have increased demand for gold, helping it set a new all-time high above $2,400 an ounce. VC visualized gold’s performance alongside the S&P 500. See the table below for performance data as of April 12, 2024.
| Asset/Index | 1 Yr (%) | 5 Yr (%) |
|---|---|---|
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