Oliver Market Intelligence

Oliver Market Intelligence

S&P 500 vs. Gold: The Reality Check You Need

Matt Oliver's avatar
Matt Oliver
Dec 16, 2025
∙ Paid

Most investors measure performance in dollars. That’s a mistake. Because the dollar is losing value every year.

I used to feel satisfied tracking double-digit returns in my stock portfolio. Then I converted every gain into ounces of gold. Suddenly, I understood the broader market hadn’t moved in nearly two decades. It changed how I viewed money, but also…

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