Journalist
Contributor's Links: Wealthmanagement.com

Brad Zigler's stints as a contributing editor for the Corporate Communications Broadcast Network, the Journal of Indexes, and CRB Trader set the stage for his role as managing editor of Hard Assets Investor and later as alternative investments editor of Registered Rep. magazine, the most ... more

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EC Three ETFs For Floating Rate Bank Loans
Does it seem like interest rates have trebled over the last two years? Well, short-term commercial lending rates certainly have. I have selected three bank loan exchange-traded funds focused on U.S. high yield paper.
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A Look Inside Contrafund
Fidelity Contrafund (OTC: FCNTX) still tops the table with a 19.3 percent year-to-date gain. The $84.3 billion fund has performed pretty well over the long term as well, coming in third over the past 52 weeks.
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Oil’s A Buy Again
How you buy oil is just as important as when you buy.
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Oil’s Down But Refiners Are Up
Low crude oil input costs and relatively high proceeds from distillate sales have kept average gross refining margins plump at better than 36 percent since 2015.
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Economic Prospects Yielding To Reality
We’re now six months into the new administration and seeing enthusiasm for the Trumpian utopia of slashed taxes and steroidal GDP growth seemingly waning. That’s if yield spreads are any guide.
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Mortgage REITs Have Paid Off Well
The market for equity REITs has been choppy. Mortgage REITs – at least those inside the portfolios of two exchange-traded funds – have been on a quiet tear. It’s uncertain if that will continue.
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Comments

Latest Comments
What’s Gold Really Worth?
2 years ago

John -

The "relationship" posited in the article is just that, a "relationship." It's a ratio, not a correlation. A correlation is a distinct statistical construct.

You may very well be right about gold as a hedge against inflation "in the long run." The question is: "What's a long run?" Years? Decades? Millennia?

The fact that an ounce of gold could buy a man's suiting now as in ancient Rome doesn't help someone planning for a nearby retirement.

In this article: GLD
What’s Gold Really Worth?
2 years ago

John -

Yes there is an indirect relationship between bullion prices and the US dollar. That shouldn't be surprising since gold is benchmarked in dollars.

I wouldn't characterize the gold market as being "more stable." There's in fact, a lot more volatility in metals than in currency.

As for the correlation of bullion and CPI, studies have shown that there isn't a statistically significant relationship between the two.

In this article: GLD
What’s Gold Really Worth?
2 years ago

Kate -

The prices tracked in the article, to make them directly comparable to once-a-month CPI, are monthly averages.

GLD, in fact, is highly (>99%) correlated to bullion on a day-to-day basis. The only tracking error is due to the metal sales financing the trust's fees (0.40% per year). That said, the equally well-correlated iShares IAU gold ETF, with a lower (0.25%) expense ratio, should fare even better.

In this article: GLD
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