Gold vs. GIC: Which Was the Better Investment Over the Last 5 Years?
Gold vs. GIC: Which Was the Better Investment Over the Last 5 Years?
In today’s financial climate, Canadians are re-evaluating where to place their money. While bank GICs (Guaranteed Investment Certificates) offer safety and fixed returns, gold has shown impressive growth, especially when purchased as fine jewelry. In this article, we compare gold and GIC returns over the past five years and explore why gold jewelry may offer better long-term value.
Gold Performance: 2019–2024
Gold has gained approximately 86% over the last 5 years, averaging 13.2% annual return. It has consistently acted as a hedge against inflation and market volatility.
Canadian GIC Performance: 2019–2024
GIC returns remained low, averaging between 1.2% and 3% annually. Many years delivered sub-inflation performance, making them a conservative but low-growth option.
Investment Comparison Table
| Investment Type |
5-Year Return |
Annualized Return |
Inflation Protection |
Useability |
| Gold |
~86% |
~13.2% |
✔️ Strong |
Wearable, tangible, timeless |
| GICs |
~6–15% |
~1.2–3% |
❌ Weak |
Locked in, no enjoyment |
Why Choose Gold Jewelry Over GICs?
- Beauty and Value: Gold jewelry is wearable and grows in value.
- Inflation Protection: Gold historically retains real value.
- Emotional Connection: Jewelry becomes part of your legacy.
- Global Recognition: Gold is respected and tradable worldwide.
Invest in Timeless Beauty
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Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Please consult a licensed financial advisor before making investment decisions.
