Gold Is Down 7% Compared To The S&P 500's 22% Loss

Markets have been tanking recently, with September being known as one of the worst months for stock performance. Since the beginning of the year, the S&P 500 is down 22%, with it having fallen by 9% in September alone, marking it the worst September since 2020 and 2008.

Meanwhile, gold was down only 3% last month, beating out Bitcoin and “safe” investments like corporate bonds. As a result, more investors are flocking to gold, especially coins over gold ETFs and stocks.

Per the WGC, the combined sales of U.S. Mint’s gold American Eagle and American Buffalo coins were 1.3 million ounces through last month, the highest recorded sales in 22 years.

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