by Stephen McBride, Mauldin Economics, Value Walk:
6 Charts That Show the Number One Reason Gold Is Going Higher by Stephen McBride, Hard Assets Alliance
Asset prices are at all-time highs around the world. Since 2008, assets under management have increased by a whopping 43%. The reason? Institutional investors have been taking advantage, gobbling up all they can get.
But while institutions have been on a buying spree, there is one asset they have neglected.
And, best of all, there’s no risk attached to owning it.
Best performing asset ignored
This asset is considered the best investment of 2016. It’s outperformed the S&P 500 and USD by 19% and 29%, respectively. It is also the only financial asset that is not simultaneously someone else’s liability.
That asset is gold. Up 26% year to date. However, as a percentage of global financial assets, it is near all-time lows.
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