“Year-to-Date, the S&P 500 has just dropped back below Gold…Gold’s performance year-to-date just surpassed that of the S&P 500 once again. If this remains the case into year-end, this will be the third year in a row that Gold has outperformed stocks. Looking forward, which ‘asset’ would you choose – Stocks with an implied volatility of 17% or Gold at 15.75% to the end of the year? Sharpe Ratio anyone? Perhaps asking your ‘asset allocator’ what his weighting is based on will be a worthwhile conversation – with the outperforming returns (past is not a predictor of the future – and noone knows) but lower forward risk expectations?
YTD performance across asset classes…”