Gold Vs. Equities Performance in 2008
Gold futures closed above $1,000 an ounce today. Gold is still investors favorite as many are wary of the equity market. Last year when equities worldwide got thrashed gold was the winner. Gold prices soared as investors fled to safety from stocks.
The chart below shows the performance of major country stock markets and gold in 2008:
In many countries gold was up considerably in local prices last year. For example in Russia when the equity market cratered by 68%, gold was up by 25%. In UK, gold skyrocketed by 45% when the FTSE fell by 31%.
More on this topic
(What's this?)
Dollar sinking; gold soaring!
(Real Wealth - Global Wealth Report, 9/23/09)
Warning on Paper Gold
(Red Hot Energy and Gold - Global..., 9/20/09)
The Gold Cycles: Next Low Expected Early/Mid October, Next High in December.
(Shocked Investor, 9/22/09)
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