Is It Time to Go Digging for Gold?
Real Vision: Finance & Investing
00:00
The Fed's Impact on Gold's Performance
I don't think gold has anything much to fear from rising interest rates. I'd turn it on its head and say that if I were the equity market, I would be running scared about what the Fed is doing. Gold doesn't go down. It went up 21%. Between June of 2006, or 2004, and July of 2006, that's a two year period. The Fed raises rates 17 times. Gold was up 70%, 70% in that period.
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