Ramesh Damani calls gold beating equity long-term 'nonsense', cites 3% vs 12% returns.

• Ramesh Damani refutes claims that gold will outperform equity in the long term, stating such assertions are incorrect.
• Damani argues investors often overlook factors like dividends, stock splits, bonuses, and valuation re-ratings that significantly boost long-term equity wealth.
• He contrasts gold's mere price appreciation with equity's combined benefits of price growth and corporate actions for wealth creation.
• Damani cites historical data: gold returned approximately 3% over 150 years, while equities yielded 11-12% (without dividends).
• Currently, gold prices are at record highs globally due to geopolitical uncertainty and safe-haven demand, influenced by anticipated Fed rate cuts.

Why It Matters: Ramesh Damani explains why equity beats gold for long-term investor wealth.