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ELL Blog

Tag: Economics

Gold vs S&P500 Annualized Return by Month Invested (Jan 1975 - Sep 2025)

Gold hit $4,000 in October 2025. This is a comprehensive analysis comparing gold prices vs S&P 500 total returns for every month since 1975. I analyze the results and try to derive some insights on how gold can prove useful when there treasury bills are unable to provide expected risk-free real interest rates that are positive and significant.