Investors to Chase Gold, Abandon Stocks in Next Few Years: Wang Tao
Source: Reuters (8/11/11)
"Investors will abandon stocks and continue to chase gold over the next few years."
Investors will abandon stocks and continue to chase gold over the next few years, based on an analysis of the spot gold XAU= to S&P 500 .SPX ratio, Reuters market analyst Wang Tao said.
The current ratio is about 1.6, worked out after dividing the gold price by the value of the index, and will rise to 3.72 over the next one or two years, according to Wang's prediction. . . . View full article