Since October 2023, the spot price of gold is up about 75%. That outperformed most stocks at that time. But what most investors don’t realize is that if you go back 25 years, gold has climbed over 1,100% or nearly 12 times its price in 1999.
And this isn’t the first time there’s been a gold rush. Since the world moved away from the gold standard in 1971, there have been about four different bull markets. According to economist and author Jim Rickards, gold rose 2,185% from 1971 to 1980, and 670% from 1999 to 2011. And if you look at the entire 53-year span since 1971, gold is up 9,000%.
