Gold prices closed at $1,280 an oz. today. After a few years of steady decline prices have been slowly climbing back up. In general, gold is considered as a safe haven asset as gold tends to be strong when equities fall. According to a recent article at Schroder’s gold does in fact performs well in weak equity …
Continue reading ‘Gold Price vs. S&P 500 Returns From 1961 Thru July 2017: Chart’ »
Gold prices closed $1,257.72 an ounce this past Friday. In 2011 when prices soared some predicted gold would continue to go higher and reach well beyond $2,000 an oz. However prices have declined since then and is under $1,300 now. Despite the fall, gold as as asset class can be an important asset to own …
The World’s Deepest Gold Mine is Mponeng in South Africa. The chart below shows some of the interesting facts about this gold mine: Click to enlarge Source: INFOGRAPHIC: The world’s deepest gold mine, Mining.com Photos: Also checkout this documentary on this mine:
Gold is an important asset class to own in a diversified portfolio. Because of its low co-relation to other assets and other factors holding some gold protects a portfolio especially during downward market moves. Since gold does not produce income such as a dividend it does not mean one should avoid them. According to World …
Continue reading ‘Why You Should Own Gold in a Well-Diversified Portfolio: Infographic’ »