Dutram goes on to identify, and explain, the 7 reasons why one should hate gold as an investment, as follows:
Despite the many positives for gold, [however, it]… has run into some significant headwinds as of late…slumping…from its recent highs…thanks to broad concerns over the global economy and a push back into dollars… Since gold around the world is priced in U.S. dollars, an uptick in the value of the greenback tends to limit the demand for precious metals, making them less attractive in comparison, especially by those who view gold as an alternative currency. Thanks to this slumping price and the apparent topping out of gold in the short term, many are starting to reconsider the wisdom of investing in this precious metal. Fears over a bubble bursting in gold are starting to grow and a lack of demand from emerging markets, coupled with a stronger dollar, could force gold prices sharply lower to close out the year…
Below, we highlight seven reasons for why investors may want to temper their expectations for the metal and consider a more diversified approach that doesn’t include such a large allocation to the ‘barbaric relic’:............
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