Gold to remain a crucial diversifier in 2012
The positive fundamentals behind gold's continued strong performance are expected to remain in place in 2012, which will allow it to continue its role as a safe haven
Posted: Friday , 23 Dec 2011
SEEKING ALPHA -
With just a few trading days left in 2011, we can take stock of gold's performance vis-à-vis other assets.
Gold is 13.7% higher in USD, 12% higher in GBP and 14.4% higher in EUR. Gains were seen in all fiat currencies and even stronger performing fiat currencies such as the CNY (yuan) and JPY (+9% and +8.75% respectively).
G10 and Gold in USD in 2011 (YTD)
Stock markets globally had a torrid year with the S&P500 down 1.3%, the FTSE down 8% and the CAC and DAX down 19% and 15% respectively. Asian stock markets also fell with the Nikkei down 17%, the Hang Seng 20% and the Shanghai SE down 22%.
The MSCI World Index fell 9%.
Thus, gold again acted as a safe haven and protected and preserved wealth over the long term.
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