Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
If $1550 is the rally point could today's price be considered at a 20% discount to that level. Louise Yamanda see $1000 level for gold sooner than later, but I try to keep this in mind from R . Nusbaum:
"gold does have a tendency to have a low correlation to equities (or in the case of 2013 a negative correlation) and often goes up in the face of some sort of external shock that hits equity prices. It also has a tendency to go up in the face of threats of currency debasement which can pertain to various currencies not just the US dollar.
Most people probably know the above argument so the decision to own gold boils down to whether the low or negative correlation matters enough to you, whether it goes up enough and frequently enough in the face of threats to the currency or in the face of external shocks."
Comments
"gold does have a tendency to have a low correlation to equities (or in the case of 2013 a negative correlation) and often goes up in the face of some sort of external shock that hits equity prices. It also has a tendency to go up in the face of threats of currency debasement which can pertain to various currencies not just the US dollar.
Most people probably know the above argument so the decision to own gold boils down to whether the low or negative correlation matters enough to you, whether it goes up enough and frequently enough in the face of threats to the currency or in the face of external shocks."
Article:
advisoranalyst.com/glablog/2014/01/16/roger-nusbaum-gold-fight-who-wins-who-loses-whats-really-important-about-gold.html