Throughout the year I have been writing about the merits of having gold in your portfolio here Gold. Last week gold made a new high for the year as shown below by the gold fund (GLD). Not only has gold made a new high for this year, it has outperformed stocks by a wide margin. Below is a year-to-date chart of the gold fund GLD.
I still do not think it is too late to be holding gold in the portfolio. As long as central banks worldwide are on a mission to debase their currencies gold should have an allocated position in portfolios as a hedge against inflation and currency weakness. Thank you for reading.
