Gold’s Decade Shines Less Brightly for Stocks
This latest rally seems to be driven by the more rational calculations of central banks and might last longer.
Could shine even brighter.
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Barely three weeks ago, Points of Return pointed out that gold was up 37% for the year and on course for its best return in more than three decades. That was then. It’s now up 42.4% and on course for its best year in more than four decades. Not since the madness of 1979, when the metal more than doubled as investors despaired of ever seeing the end of inflation, has it had a rally as powerful and sustained as this one: