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Dr. Paul Price
Dr. Paul Price
Articles (487)  | Author's Website |

Gold Hasn't Sparkled Lately

September 03, 2013 | About:

Don’t Get Worked Up over Gold’s "Recovery"

The jury is still out but... gold hasn’t sparkled lately.

Precious metals mavens got very excited after the price of gold bounced back into the $1400s from under $1,200 per ounce.

April’s cruel, still unexplained plunge spawned a nice uptick before suffering a further decline in late June to a three-year low.

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The longer-term view only appears more pleasant if you go back to at least 2009. The price of gold today sits exactly where it did in mid-October 2010.

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Anyone holding gold while shunning stocks has earned nothing for almost three full years. Meanwhile the S&P 500 has returned almost 45%.

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The Gold Miners ETF (GDX) did radically worse than the metal itself. It lost more than 49% of its value even as the underlying gold price made its round trip to break-even.

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Anything is possible in terms of the future. Perhaps gold and gold mining shares will be tomorrow’s superstars. Looking backwards, though, that was a very poor place to have been invested over the past three years.

About the author:

Dr. Paul Price
http://www.RealMoneyPro.com

Visit Dr. Paul Price's Website


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