The gold price
Gold & Apple Both Beating the Bear - 26 July 2010
i-Phones and Gold Investing make one helluva "pairs trade" right now...
THIS CHART shows the tale of two "crisis-beating" assets – Gold and Apple Inc., writes Brian Hunt in Steve Sjuggerud's Daily Wealth.
In the past three years, just about every asset you can think of has either lost money or treaded water. The 2008 credit-crisis selloff was so severe, even recent rallies haven't been able to carry assets back to their levels of a few years ago. Two exceptions here are Gold Bullion and shares of Apple.
This is what's called a "performance chart." Performance charts graph the percentage returns of assets against each other. In this case, it's the past three years of gold (gold line) and Apple shares (blue line).
Amazingly, both assets have registered the same gains since mid-2007...around 80%. Gold is enjoying price strength because of its role as "real money" crisis insurance. Apple is enjoying brand dominance in phones and music players. It's a heck of a "pairs trade".
Buy gold at the lowest price available, and store it – securely – at the lowest cost possible by using BullionVault...
THIS CHART shows the tale of two "crisis-beating" assets – Gold and Apple Inc., writes Brian Hunt in Steve Sjuggerud's Daily Wealth.
In the past three years, just about every asset you can think of has either lost money or treaded water. The 2008 credit-crisis selloff was so severe, even recent rallies haven't been able to carry assets back to their levels of a few years ago. Two exceptions here are Gold Bullion and shares of Apple.
This is what's called a "performance chart." Performance charts graph the percentage returns of assets against each other. In this case, it's the past three years of gold (gold line) and Apple shares (blue line).
Amazingly, both assets have registered the same gains since mid-2007...around 80%. Gold is enjoying price strength because of its role as "real money" crisis insurance. Apple is enjoying brand dominance in phones and music players. It's a heck of a "pairs trade".
Buy gold at the lowest price available, and store it – securely – at the lowest cost possible by using BullionVault...
Steve Sjuggerud, 26 Jul '10
Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth. Launched in 2001 and now one of America's best-followed newsletters for private investors, True Wealth also provides free analysis and ideas in the Daily Wealth email service.
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