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To: Terry Maloney who wrote (395806)10/13/2009 7:47:32 PM
From: ayn rand  Read Replies (1) | Respond to of 436258
 
Is it still news to the general public that the gold market is outperforming stocks?

*Associated Press, by Dave Carpenter, October 12, 2009:

Gold's image may be changing as its price settles in above $1,000 an ounce and continues to set records.

The conventional view sees the shiny metal as often-reliable protection in tough economic times and a long-term hedge against inflation and a weakening dollar, since its price tends to rise at the same time.

Lately it's been a lot more. The price has tripled since 2003 and doubled since 2005, trouncing stocks this decade. The Standard & Poor's 500 index, a barometer of the stock market, is down 27 percent since 1999 while gold is up 266 percent.