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From Archive 03 November 2003

By PWM Editor

Andy Whelan explains why all that glitters is most certainly not the US economy nor its currency. Gold has a proven inverse correlation to both capital markets and more importantly to the dollar. This relationship has been very profitable for those investors who had the foresight and courage to invest in gold in March 2001, when the metal was trading at $258 (e221) an ounce. While the MSCI World Index has fallen by 12 per cent, gold bullion has gained 47 per cent – an out performance of over 60 per cent.

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