Here’s another gold chart that is sure to get under the skin of investment advisers who have refused to add a little of the yellow metal to their clients’ portfolios during its 11-year run that, based on the month of January, looks to be headed for number 12.
From the World Gold Council’s latest commentary on gold as an investment comes the chart below showing that U.S. stocks were much more volatile than gold in recent years.
This Commodity Online story about central bank bullion buying is worth a look as well. I remember hearing about Mexico buying a lot of the stuff last year but didn’t know they managed to garner the top spot with nearly a 100 tonne increase.
Of course, we’ll probably find out in a few years that China bought much more than that in 2011, central bank officials there wary about telling the rest of the world about their purchases lest the price rise too fast before they’re done buying.
