Human civilization’s storied relationship with gold dates back millennia, from serving as the universal symbol for wealth in ancient times to backing the American dollar up until 1971. In more recent decades, gold’s standing within the global economy has become a bit more obscure as the stock market has grown to dominate how we view modern investing.
Despite this shift toward stocks and bonds, gold is still a highly valuable and important asset that has its place alongside more contemporary means of wealth. Here’s a bit of background on how gold and the stock market interact with one another and why gold is still a worthwhile investment instrument in 2020 and beyond.