by Adam English
There is no doubt about it: gold is hot right now.
Dropping confidence in central bankers and negative interest rate policies, sinking currencies around the globe, equities that haven’t advanced beyond high marks hit over a year ago, and depressed yields in bonds all contribute to renewed attention.
George Soros is betting big on it. For a 25-year period from 1986 through 2010, Stan Druckenmiller achieved an annualized rate of return of 30%. He’s betting on gold, too.
Jeffrey Gundlach, CEO of DoubleLine, called the oil price plunge, that junk bonds would live up to their name, and went against the crowd in 2014 by accurately predicting that U.S. Treasury yields would fall.