From John Ross Crooks III: Investors are putting their faith in gold because they fear what’s coming for stocks. At least, per an article I just read.
Now, we can verify that their faith in gold has helped prices rise more than 7% this year.
Even while the S&P 500 has risen roughly 5%.
But despite the ongoing strength in stocks — the resilience of investors’ appetite for risk — gold investors fear that the happy times are about to change.