Gold's Disappointment

In 2019, the gold price was up 18%. That's really pretty good performance. It shouldn't really have been a surprise to people that in 2021, we got a little consolidation. But just to take that 2022 performance, gold went nowhere. The equity market in the US, the S&P 500 was down 16%. Global equities were down 18%. The Ag US bonds were down about 11%. Global bonds down even more than that real estate down. Unless not even get into the cryptocurrencies that succeeded in a two-week period in 2022 in losing $2 trillion of a $3 trillion market capital situation.