Gold has outperformed the S&P 500 since Bernanke’s speech in Nov. 2002

 

Gold traded at $300 an ounce. Last week gold reached a new record high of $2,619.90 an ounce.

Fed Gov. Ben Bernanke delivered an interesting speech. 

“Deflation: Making Sure ‘It’ Doesn’t Happen Here,” 

https://fraser.stlouisfed.org/title/statements-speeches-ben-s-bernanke-453/deflation-making-sure-doesn-t-happen-8874

The future Fed chief referenced Milton Friedman’s ‘helicopter drop of money,’ he argued for a range of policies including Fed-financed government spending to ward off deflation, were it close to happening.

MarketWatch 23 September 2024

https://www.marketwatch.com/story/this-chart-shows-gold-vs-the-stock-market-since-bernankes-famous-helicopter-drop-speech-a65038f2

Helikoptrarna närmar sig mars 21, 2020

https://englundmacro.blogspot.com/2020/03/helikoptrarna-narmar-sig.html