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Why Gold’s a Trade, Not an Investment
Tuesday, April 2, 2013 4:25
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I’m beginning to change my tone towards gold. After being patient since October 2011, I’m inclined to feel the yellow metal is now more of a trade than an investment.
In a sign of optimism, gold recently broke above $1,600 an ounce on the banking concerns in Cyprus, as traders flocked to the metal as a perceived safe-haven pick. As an investment, gold has underperformed in recent years, while the equities market has surged higher. The reality is that there are far better places to stash your capital other than gold, and I expect this will continue.
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