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Is it still news to the general public that the gold market is outperforming stocks?
*Associated Press, by Dave Carpenter, October 12, 2009
Gold’s image may be changing as its price settles in above $1,000 an ounce and continues to set records.
The conventional view sees the shiny metal as often-reliable protection in tough economic times and a long-term hedge against inflation and a weakening dollar, since its price tends to rise at the same time.
Lately it’s been a lot more. The price has tripled since 2003 and doubled since 2005, trouncing stocks this decade. The Standard & Poor’s 500 index, a barometer of the stock market, is down 27 percent since 1999 while gold is up 266 percent.
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.