Friday, October 6, 2017

Losing Luster?

"I'm going after that gold, Joe."
--Kelly (Kelly's Heroes)

Bloomberg reports US Mint gold coin sales at lowest levels since 2007. That previous low, of course, marked a launching point for gold. Over the next few years, bullion prices tripled and Mint ounces sold went thru the roof.


The article suggests that investors are dissing gold in favor of stocks. With stock prices marking all time highs and gold well below its highs, well, the relative value play seems obvious.

Particularly in this environment...

position in gold

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