| US stocks are “massively undervalued” and will outperform Gold says John Wadle of Mirae Asset after showing the spread chart of SPDR Gold Trust and SPDR Dow Jones Industrial Average ETF. The premium between these funds is at its highest since November 2004.
“Gold is now a bubble compared with U.S. blue-chip stocks” Wadle said, as reported by Reuters. US equities are “massively undervalued” on the basis of a future dividend yield of 3% as against gold which yields no dividend and has a high storage cost, he adds..............................................Full Article: Source
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