Q: Many markets around the world have outperformed the US market in the past year. Do you feel that investors have had enough of the KING and are looking elsewhere
to invest. Maybe that is why GOLD is rising.
Thanks again
to invest. Maybe that is why GOLD is rising.
Thanks again
5i Research Answer:
Certainly there has been an 'avoid the US' trade occurring. Gold has reacted also to the decline in the US dollar. But international markets are also much cheaper, so at some point would have started to move. We think the US remains quite attractive overall for investors, but certainly think that some international diversification makes good sense today.