13.05.2013 - Really real rates vs. gold
Gold attracts investment capital when other asset classes fail to deliver. So now equities have clearly regained their appeal after more than a decade of what finance professionals would rather we called "sub-optimal" returns, gold investing has lost its urgency for money managers. Indeed, it's become a neat little "short" to trade against whilst picking the next winner in the S&P's all-time high dash. More telling than equities, however, gold's 20% drop in real terms since the top of summer 2011 has coincided with an upturn in real interest rates. You might not have noticed it.........................................Full Article: Source
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