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Gold is down much less than Bitcoin year-to-date. Currently Yahoo Finance says the YTD return of GLD is -5.11%, so it has outperformed stocks and bonds. High in
by Bostonian 4y ago
Gold is down much less than Bitcoin year-to-date. Currently Yahoo Finance says the YTD return of GLD is -5.11%, so it has outperformed stocks and bonds. High inflation has increased market expectations of rate increases by the Federal Reserve. Higher interest on money market funds makes gold, which does not pay interest, less attractive. OTOH, inflation ought to boost the price of a real asset such as gold.