Ramesh Damani: Gold vs. equities 'nonsense', stocks outperform long-term

• Veteran investor Ramesh Damani calls the belief that gold outperforms equities long-term "nonsense."
• Damani argues equity returns are understated due to ignored factors like dividends, stock splits, bonuses, and valuation re-ratings.
• He highlights that an investment in quality companies would have significantly multiplied wealth compared to gold's price appreciation.
• Long-term data (150 years) shows equities returning 11-12% without dividends, while gold returned about 3%.
• Damani asserts equities remain unmatched for sustained long-term wealth creation.

Why It Matters: It debunks the myth that gold beats equities for long-term wealth.