"The S&P 500 has served as an excellent benchmark for the state of U.S. economy for decades. Its reliability, touted by icons like Warren Buffett, has become such that S&P 500 exchange-traded funds (ETFs) from Vanguard, State Street and BlackRock - among others - are among the largest in the industry. However, the "buy it and forget it" approach of investing solely in the S&P 500's appreciation may often leave potentially larger gains on the table."
"For centuries, gold has been the default repository to store wealth. The tale of how Archimedes discovered gold fraud being perpetuated on King Hiero II of Syracuse is still told today. Although the present day context is more in terms of physics and water displacement, the notion that gold was valuable and someone tried to steal it in ancient times remains unchanged today."
"Gold has long been coveted as a hedge against inflation and currency debasement. Fiat currency, profligate spending by Congress, and 9.1% Bidenomics-fueled inflation has spurred a bull run on gold prices that began in 2022 and continues to the present, with prices at all time highs and closing in on a historic $4,000 per ounce. BlackRock, the largest asset manager on the planet with over $12 trillion in its coffers, naturally has an ETF for gold, and more specifically, gold mining."
The S&P 500 remains a primary benchmark for U.S. economic performance and underpins large ETFs from Vanguard, State Street, and BlackRock. A passive "buy it and forget it" approach to S&P 500 investing can fail to capture potentially larger gains available elsewhere. Year-to-date S&P 500 return stands at 14.44%, while certain ETFs are reporting year-to-date returns several times higher, including examples delivering over 9x, 6x, and 4x that performance. The iShares MSCI Global Gold Miners ETF (RING) represents one such option, investing in a portfolio of global gold mining stocks. Gold's appeal as an inflation hedge has intensified amid high inflation and rising gold prices.
Read at 24/7 Wall St.
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