National currencies and bonds fell, but all other assets were mixed. The largest gains were in silver, up 7.8%, the CCi30 crypto index, up 4.4%, and Japanese stocks, up 3.2%. The largest losses were in crude oil, down 11.2%, palladium, down 6.7%, and coffee, down 6.2%.
The US Dollar fell 2.2%, outpacing short term notes, down 2.1%, and long term bonds, down 1.7%. Bitcoin gained 0.3%, and Ethereum fell 1.7%. The S&P 500 advanced 0.1% while the Dow Industrials dropped 2.0%.
Looking back at values five years ago, only silver, up 14.1%, is worth more than simply holding gold coins or bars in a safe. Gold stocks deserve an honorable mention, almost breaking even, with a 0.2% loss. Every other asset is down double digits. The worst were the CCi30 crypto index, down 85.7%, palladium, down 80.0%, and Ethereum, down 74.4% (tied for third place with long term treasuries, down 74.0%.)
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