This chart from Bloomberg shows how gold beat all other major investment classes in the 2000s. Very few investment advisors got this call right, Dr. Marc Faber was perhaps the first and his 2002 investment classic ‘Tomorrow’s Gold’ said as much in the title.

Interestingly Dr. Faber does not think gold’s time is now up. In his last investment newsletter of the decade he argues that gold is actually cheaper in real terms than it was when he first recommended the yellow metal. Such are the global economic conditions set for 2010 that very much higher gold prices are just a matter of time.