4 ms·
I'm really surprised to hear that he sees gold outperforming for the next five years. With so much appreciation in the last two-three years I wouldn't have thou
by trotsky 16y ago
I'm really surprised to hear that he sees gold outperforming for the next five years. With so much appreciation in the last two-three years I wouldn't have thought it was a hedge against anything.
- ct 16y agoIf one thinks the market is going to go down and wants to hedge seems another alternative is to go long the dollar like UUP instead of GLD, since the dollar is inversely correlated with the market. A higher dollar makes investing in US companies more expensive for foreign investors.