Gold Outperforms Bitcoin and S&P 500 in 2025
Gold is surprisingly outperforming both bitcoin and the stock market in 2025, despite the latter two setting multiple new highs. This unexpected turn of events has sparked debate among investors and analysts.
Indices like the S&P 500 and Nasdaq 100 have been setting record highs due to a mix of concerns about former President Trump's tariffs and optimism surrounding artificial intelligence. However, gold, traditionally seen as a safe haven, has been quietly outperforming these tech-driven markets.
Gold bulls are predicting a price surge to $5,000 an ounce, but it's important to note that past performance does not guarantee future results. Despite the stock market showing signs of overheating, companies maintain healthy profit margins. Meanwhile, gold's performance is boosted by growing demand from central bank balance sheets, passive purchases, and global economic uncertainty.
In 2021, a debate on the Bits + Bips podcast, led by gold advocate Raoul Pal, discussed the relationship between gold and stocks. More recently, Ram Ahluwalia and Vinny Lingham engaged in a $10,000 bet on which asset, gold or stocks, would outperform by July 4, 2026.
Gold's technical chart indicates a consistent bullish trend, with some indicators suggesting overbought territory. Despite the uncertainty, gold's historical role as a safe haven and its strong performance in 2025 have investors taking notice. As the debate between gold and stocks continues, all eyes are on the outcome of Ahluwalia and Lingham's bet.
