Drawdowns from ATH for Gold versus the S&P 500

29. Aug.

Even the world's greatest "stores of value" can endure painful periods of -50% to -75% drawdowns from peak prices. Zoom out, be patient, and consider buying low during major drawdowns for the world's most liquid stock indexes. Or its oldest form of money (which has historically resisted untethered money printing or spending by central banks or governments).