20 minutes ago
As we start a new Fiscal Quarter it's worth taking a look at the YTD performance of some asset classes.
With all the 'cheer leading' from the FTV talking heads who daily tell everyone that 'the economy must be doing great...just look at the markets' most will be surprised to see that the Dow is up only 7.42% and the S&P is up a mere 7.12%. Better than the return on a CD or a savings account, but much riskier for those kinds of returns.
In contrast, almost nobody is aware that Silver leads the pack up 41.65%, followed by Gold which is up 24.57%. Great returns for much hated assets that have NO contingent liabilities or third party risks.
From Theo Spark at 09:06