We see a lot of debate on what will be a better investment this year, Gold or stocks. To approach this debate in a more effective way we took the XAUUSD:SPX ratio going back a century into the early 1900s. When the ratio rises Gold is outperforming the S&P500 (SPX), and vice versa when it declines.
A good indicator of a confirmed S&P500 (stocks) outperformance is...