Looking at long term returns shows that stocks are likely in a bull cycle and gold likely in a bear cycle for another 10-20 years. Deducting real inflation of 7% per year (amount of money printed by central bank - growth economy = avg price increases products/services/assets) shows that real returns are only 2% per year on average for stocks, and also for gold since 1971. However counting since 1928 gold has an average real return of -2% per year, meaning it is losing purchasing power in the long term. Also many other observations, for example what to expect from massive increase in money supply and whether it will show in massive price increases as well. Enjoy :) Links: Sheet: https://docs.google.com/spreadsheets/d/e/2PACX-1vSToqZQThdLCOgRJjRNavcg0qLUNqZXt28HDye-g15g6qk4U1kO289PEUClEFgC2d-M-J51wJFqCI9-/pubhtml Sheet PDF: https://docs.google.com/spreadsheets/d/e/2PACX-1vSToqZQThdLCOgRJjRNavcg0qLUNqZXt28HDye-g15g6qk4U1kO289PEUClEFgC2d-M-J51wJFqCI9-/pub?output=pdf Other video: "Real Inflation = 5% - Historical Prices Of New Home, New Car, Oil, Bacon, Chocolate, Soup, ...": https://www.youtube.com/watch?v=FIO06yLUiYI&t