Returns - Global Equities vs. Global Bonds vs. Gold vs. World Portfolio

Since 1950, the world portfolio has earned a real 4.1% annual return — global equities led with 7.3%, gold lagged at 2.5%, and global bonds barely reached 1.8%. The long-run verdict is clear: equities have won.

Image: Goldman Sachs Global Investment Research

Returns - Global Equities vs. Global Bonds vs. Gold vs. World Portfolio