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FYI: Many investors look at gold and its financial equivalents as insurance policies for when stocks falter.
This year, stocks have performed well with the Dow Jones Industrial Average up 7% this year, to 21,136 as of Tuesday’s close.
Yet the insurance is also paying off nicely. This year, an ounce of gold has gained almost 13%, to $1,296 an ounce. Holders of both bullion and popular exchange-traded funds such as SPDR Gold Trust (ticker: GLD) have benefited. On Tuesday, for example, highly speculative junior gold mining stocks and funds that hold them had some of the biggest gains on the stock market.
