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.
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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