| After being in the doghouse for several quarters, gold rose up to the $1200s in recent weeks, trading places with equities and bonds. SPDR Gold Shares have lost 12.58% over the last five years, while S&P500 shares have gained 38.85%. But in Q1, equities and gold have traded places. GLD has gained 14.29%, while equities have lost 7.82%.
For years, holding gold has been considered a good “insurance” against the inflation that usually follows prolonged periods of monetary easing and rising commodity prices. Gold soared back in the 1970s, for instance, together with oil prices and accommodative monetary policies that fueled inflation...............................................Full Article: Source
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