Bill Gates : Gold investment is tough investment , because its so psychological & less innovation.
Warren Buffet : A productive asset will outperform a non-productive asset like gold over time. I gurantee that
farmland or equities will outperform gold over 100 years. If you take all of the gold in world about 165,000 metric ton (approx.) & all put together in cube which comes 67 feet a side. Cube is 7 trillion USD , all of the stocks in U.S market comes around 20 trillion USD.Business will change over time but looking at cube of gold will remains same , its easy to differensiate.
Now lets see Gold Index vs. Stock Index this year till date ,
|Period||S&P BSE SENSEX||Gold 24Carat / 10g|
|1st Jan 2017||26,595||28,833|
|24th Nov 2017||33,679||31,647|
So summarize Stocks or equity outperforms Gold over investment.