Gold, the worst investment of 2013, prices dip 8%

Investment in gold this year has turned out to be a shoddy asset across various markets. The precious metal has recently faltered relative to equities and yielded double the losses in the current stock rally. The yellow metal is now down more than 8.5 percent since the start of 2013 whereas the stock market benchmark Sensex has dipped by about 4 per cent. Gold vs equities As gold prices continue to fall, investors are mulling over whether to allocate more money to equities in place of gold. The yellow metal has been in the Bull Run from last 10 years. Gold has not only held a positive correlation with equities but outperformed them over the last decade. Statistics indicate, gold prices have appreciated by an average of 20 per cent over the last 10 years as opposed to about 18 per cent for equities. This is one major reason why gold was a preferred asset class and the apple of eye for investors. The government tried to dissuade people from boarding the gold train and encouraged investi

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