Wall Street consensus wrong on gold before and wrong again now

Yet even after the recent price weakness gold is up 500 per cent in the past decade and stocks would have hardly made you a dime except for some paltry dividends. As an investor inflation has wiped you out in stocks and made you rich in bullion.

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Anybody being suckered in by Wall Street now is buying in at the top of a trend which is actually showing the first signs of a major reversal. Valuations are already twice the levels of European stocks.