S&P 500 vs. Gold: Warren Buffett Said Buy One and Forget the Other

The article compares the S&P 500 (US SP 500) with gold, weighing long-term stock-market exposure against gold’s safe-haven role. It notes gold (via SPDR Gold Shares) outperformed the S&P 500 over the past five years—advancing 151% vs. the S&P/VOO’s 82%—largely attributed to political and economic uncertainty since early 2025. However, the S&P has outpaced gold over 10-, 20- and 30-year horizons, and the author favors a larger allocation to the S&P 500 for long-term growth, citing AI and big-tech leadership (e.g., Nvidia) as tailwinds, while keeping a small GLD allocation as a hedge. Market impact: near-term gold strength may reflect risk-off flows, but the piece argues continued structural advantages for broad U.S. equities, implying modestly bullish positioning toward the S&P 500 and tactical, limited exposure to gold for protection.