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The Dow Jones Industrial Average (DJIA) has seen remarkable growth over the past 20 years. From April 1, 2004, to April 1, 2024, the DJIA rose from 16,882 to 39,566, marking an increase of over 234%.
During this period, the DJIA experienced significant fluctuations, including notable declines during the 2008 financial crisis and the 2020 COVID-19 pandemic.
The stock market's performance is influenced by various factors such as economic shifts, interest rates, corporate earnings, and geopolitical events. Consequently, the DJIA and other stock indices can be volatile and may experience fluctuations over short or long timeframes.
Over the past 20 years, the S&P 500 has shown a strong upward trend. From April 1, 2004, to April 1, 2024, its value rose from approximately 1,828 to over 5,243, marking a gain of more than 287%.
However, this growth has not been without volatility. The S&P 500 faced notable declines during the 2008 financial crisis and the 2020 COVID-19 pandemic, reflecting periods of significant market instability.
Gold has shown strong performance over the past 20 years, with a significant upward trend in prices. From April 1, 2004, to April 1, 2024, the price of gold rose from approximately $665 per ounce to over $2,278 per ounce, marking a more than 343% increase.
Gold is often seen as a safe-haven asset, with its price influenced by various factors such as global economic changes, geopolitical risks, interest rate fluctuations, and the perceived value of the US dollar. During times of economic uncertainty or market instability, demand for gold typically rises, driving up prices. According to the World Gold Council, central banks around the world have been purchasing more gold in the past year than in the previous 50 years.
This raises an important question: do you want to buy what the banks are buying, or would you rather buy what they are trying to sell you instead?
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