Is Gold for You?
Myth-busting, For & Against
The ‘barbaric relic’ is seeing regained investor interest with its 9% return in the recent quarter. Gold now trades at over $1,400 an ounce, a level not seen since 2013. Its one-year gain of 12.2% (as of 6/30) exceeds the 10% return generated by the S&P 500 over the same period. Although over longer time frames the shiny metal loses significant luster in both comparative and absolute returns, it is certainly shining bright at the moment.
While NN declines to join the pundits in issuing a ‘lode’ of gold prognostications….
