Gold prices closed at $1,775.80 yesterday in New York. As a safe haven asset class investors have sought shelter in gold during turbulence in equity markets for years and more recently gold prices shot up after the financial crisis. Over the long-term gold has rewarded investors extremely well. With the introduction of fiat money gold …
Gold is considered as a “safe haven” asset. This implies that the yellow metal’s performance should be inversely related to risky assets such as stocks and commodities. However the expected divergence is decreasing in recent years and gold’s correlation with stocks and commodities is reaching historic highs, according to a research report by Germany-based Commerzbank(CRZBY). …
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Gold is widely known as a safe haven asset by most investors. During the credit crisis gold prices reached record high levels. Last year gold prices hit an all-time high on the heels of the U.S. debt downgrade by Standard & Poor’s and the European debt crisis. As the hype over gold continued many experts …
Continue reading ‘Is Gold A Better Performer Than Stocks and Bonds in the Long-Term ?’ »
The price of Gold has soared in recent years and reached record highs earlier this year. In the past few months the price has stabilized slightly. On Friday (10/28/11) the spot price for gold closed at $1,743.40 according to Kitco. In the past 20 years, gold has returned an incredible 2,575% as shown in the …
Continue reading ‘A Look at Gold Prices from 1800 To 2011 and 10-Year Returns’ »
Gold prices reached an intraday record $1,637.50 today as the U.S. debt crisis and the weaker-than-expected economic growth made investors flee equities and other risky assets to the safety of the precious metal. In the past decade, gold has had an incredible run from under $300 an ounce to the current price outperforming stocks and …
Continue reading ‘Why Gold Gets Ignored Compared to Other Assets’ »