Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
ALERT

President's Day Sale: Dividend.com Premium Price Slashed — Redeem Now

Dividend logo

What’s the smarter move right now, buying gold or selling gold?

Most of the smart money is in the selling mode. Last week, hedge fund billionaire Stanley Druckenmiller said that he sold all of his gold just before the election because all the reasons for owning it “may be ending.”

Wall Street is anticipating a boom in the economy and markets due to the new administration’s infrastructure spending plans and its desire to rid the economy of what it sees as excessive regulation. That would diminish gold’s role as a safe haven for those fearing a decline in equity prices.

Inflation?

On the other hand, the new spending programs could raise the specter of inflation, which theoretically would make gold more valuable in its role as a traditional inflation hedge. But many of the same analysts who see a rising equity market also believe that there is plenty of room for economic growth before we have to start worrying about inflation – making gold equally undesirable at the moment based on its inflation hedging properties.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Walmart
News

The Market Glance for February 20: Walmart Readies Its Report

With President’s Day falling on Monday of this week, traders get a much-needed break – and they...

Premium Lowreturns
News

Expect Low Returns in 2017

Given the market’s performance since the surprise election of Donald Trump as president, it’s...

Premium Trumptrade
News

Market Wrap for February 17: Trump Trade Back on After Busy Week

It seems the Trump trade is back on. This week, investors were overwhelmingly bullish on Trump’s...