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Gold Surges Past S&P 500 in Five-Year Growth [Yahoo! Finance]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment. Commonly regarded as a “safe haven asset”, gold is something investors typically buy to protect themselves during periods of global uncertainty and economic decline. It is for this reason that gold has performed rather strongly in recent years, and especially in 2024 . Persistent inflation combined with multiple wars has driven up demand for gold, helping it set a new all-time high of over $2,400 per ounce. To put this into perspective, Visual Capitalist's Marcus Lu visualized the performance of gold alongside the S&P 500. See the table below for performance figures as of April 12, 2024. Over the five-year period, gold has climbed an impressive 81.65%, outpacing even the S&P 500. Get Your Gold at Costco Perhaps a sign of how high the demand for gold is becoming, wholesale giant Costco is re
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