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For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
My company:
Longs, Shorts, and Mini-Skirts
  • Gold At Fair Value Equilibrium 0 comments
    Jan 8, 2014 9:43 PM | about stocks: GLD, SGOL, UGL, GLL

    A Seeking Alpha article opines that the 128 year chart spells trouble for gold. The opinion is based on the hypothesis that gold should fall in value relative to stocks over the years. I don't see any reason why this is so. It assumes that gold has lost its utility compared to stocks. I disagree. I think it is a much better hypothesis that all assets grow in and out of favor unless they lose their utility such as the horse relative to the car. I think we are now at the equilibrium and that gold could go either way relative to stocks.

    Disclosure: I am long SGOL.

    Stocks: GLD, SGOL, UGL, GLL
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