Why Gold’s 27% Drawdown Should Matter for Every Investor
Gold’s price peaked in January at $5,589 per ounce. Today, bullion is hovering around $4,073. That is approximately 27% below the peak reached as the year started. Many investors may be disappointed that the precious metal didn’t live up to the lofty predictions regarding its price trajectory as last year ended, but that drawdown carries a major silver lining that savvy investors have noted. This drawdown isn’t the first of its kind, and when the history of the gold market is put into perspective, now isn’t the time to count one’s losses. Instead, there is a golden opportunity to reposition.…
