Fasten your seatbelts people. Following a decade-long rally, gold prices have slumped for
much of the past 18 months. Long championed as a source of both capital
protection and upside appreciation (especially during the financial crisis and
resulting recession), the price of gold has declined while equity markets
surged to five-year highs.
Might this foreshadow the end of a bull market in gold that
has seen prices more than double in the last four years, and nearly quadruple
since 2004?
At first glance it may seem investors are acting sensibly by
increasing their equity exposure while eschewing more defensive asset classes.
Upon closer inspection, however, gold appears due for another strong upswing...
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