England Fan wrote:
The artificial hipster wrote:When stocks go up, gold goes down. I wouldn't want to own any gold right now.
Both +5%
This is why I rely on professionals to manage my investments.
History suggests that if stocks continue to rise, gold will fall behind, since its price tends to fare best, in the words of Citigroup strategists, ”when attitudes toward corporate shares are weak.” That conclusion, at any rate, is based on Citi’s look at 128 years of relative prices.
2014 numbers support this. Gold rose through the first quarter while stocks struggled. The second quarter has been the reverse.