Returns Since 1928 for Stocks, Gold, Cash & Permanent Portfolio

Updated returns, stocks (16%) as well as gold (11%) did well this year, unlike last year where stocks did poorly (-18%) and gold just ok (0%). The surprise is again cash that is again returning 5% this year, which is zero after deducting 5% inflation. Last 10y, deducting also 5% for inflation, stocks still returned 7%, whereas gold only 1%.

The trend is still very clear if you look at the long term chart since 1928. A reversal in returns is unlikely given how short and weak this stock market cycle has been. Stocks can return a lot more and typically do if you look at previous cycles, and the inverse is true for gold. Gold held up well still but it can get a lot worse.