Saturday, December 26, 2009
Trade of the Decade
As we approach the end of the decade, we take stock of our “Trade of the Decade.” You know it by heart, right? “Buy gold on dips, sell stocks on rallies.” Bloomberg News has now furnished pictorial evidence of this wisdom…
Gold comes out on top among all asset classes over the last 10 years. Stocks lost ground, even before inflation.
As Bloomberg put it: "A $100 investment in gold would now be more than $380 while the same sum in commodities would have grown to about $357, according to the Standard & Poor's GSCI Enhanced Total Return Index."
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