Gold Is the New Black, Again
Gold Is the New Black, Again (Bloomberg)
As the Ukraine-Russia situation escalates, and the world grows more concerned about China’s economic performance, defensive investments are back in vogue again. At the top of everyone’s list of “safe-haven” investments awaits our old friend: gold. After gold took its lumps in 2013, is it ready to break out this year as the world stage becomes even more volatile? Well, in part, yes, if you know how to play it. And this year alone, The Market Vectors Gold Miners ETF (GDX) seems like the place to be. Year-to-date, this ETF is up 27 percent — more than twice the gain of the SPDR Gold Trust (GLD) (the biggest bullion-backed ETF). As long as turmoil roils the globe, GDX will offer investors calm amid the storm.