In today's astonishing publication, the WGC has announced that it has discovered that gold is poorly correlated to equities and is impacted by the business cycle differently than other commodities; consequently it may be good for something other than jewelry.
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Is there a connection with this story?
" it has a correlation to equities that is lower than any alternative asset."
ReplyDeleteI can interpret at least three ways. It`s vauge.
1. Absolute correlation is lower meaning toward 0.
2. Correlation is lower meaning can be toward 0 or negatively correlated toward, -1.
3. Umm. Never mind.
" it has a correlation to equities that is lower than any alternative asset."
ReplyDeleteI can interpret at least three ways. It`s vauge.
1. Absolute correlation is lower meaning toward 0.
2. Correlation is lower meaning can be toward 0 or negatively correlated toward, -1.
3. Umm. Never mind.