by John Rubino
The 2010s were not kind to precious metals, in either nominal or relative terms. Gold and silver are down from their 2011 highs and waaayyy down versus equities and other favorite assets of the 1% like fine art and trophy real estate.
But this imbalance has begun to reverse, in two ways.
First, stocks have soared to nosebleed valuation levels — see Nasdaq caps $7 trillion decade with its best rally in 10 years. Apple, Gooogle and Netflix might continue to rise from here, but they’re no longer anyone’s idea of a safe haven.