Posts filed under “Gold & Precious Metals”
The Financial Times – Good as GLD: While it has now become possible to buy and sell gold with a few mouse clicks through funds like the $51bn SPDRS Gold Trust (GLD), now the world’s second-largest exchange-traded fund and sixth-largest owner of gold worldwide, old-fashioned ownership of bars, coins or stakes in mines has surged…Read More
Contrarians beware: A long article on the rise of Gold as an investment asset class is on the front page of the NYT. “Inflation, deflation, government borrowing or the plunging euro — you name it — the specter of these concerns has set off a dash to gold, driving the precious metal to new highs…Read More
David Rosenberg offers us this thought provoking chart comparing the Gold rally with, well everything else. The implication being, Gold has much further to run: > GOLD RALLY IN CONTEXT WITH PRIOR SECULAR BULL MARKETS measuring trough-to-peak percent change courtesy of Gluskin Sheff
Gold offers a negative yield, hasn’t historically been a good inflation hedge and isn’t even that much of a safe haven in times of market crisis. Indeed, it’s looking like a bubble. But in times when governments are distorting all asset prices, it’s nice to have something tangible to hand.
WSJ, 5/25/2010 7:11:19 AM