by Andrey Dashkov
Casey Research
Gold has been a safe-haven asset and a hedge against crises for a long time. And it’s worked as a protective strategy for investors so far this year.
Gold is up 13% year-to-date, while a broad market index like the Dow Jones is down 8%. Plus, gold has outperformed blue-chip stocks by over 20% in 2020 – a stellar result.
This is great news for gold, but also for gold stocks, like miners, which can outperform the metal itself. As I’ve talked about before, that’s because they have what’s called “leverage” to the price of gold.