Gold rush


Gold has a proven inverse correlation to both capital markets and, more importantly, to the US dollar. This relationship has been extremely profitable for those investors who had the foresight and courage, to invest in gold in March 2001 when the metal was trading at $258 an ounce. They have gained 37% while the MSCI World Index has fallen by 16% – an outperformance of more than 50%. Gold funds gave an even greater appreciation of approximately 90+% over the same period, as a re