Investors are panicking about U.S. stocks. Meanwhile, despite a minor sell-off in recent days, this often-forgotten asset is soaring… It’s up double digits on the year while U.S. stocks have dropped 15%.
Of course, I’m talking about gold. Investors haven’t paid much attention to the metal in recent years. After all, why worry about a boring safe-haven asset when stocks are soaring?
Now, that dynamic has changed completely. Gold isn’t just holding its own… It recently skyrocketed, even as stocks collapsed to near bear market levels.
That has led to the biggest outperformance we’ve seen in years. And according to history, that’s a good sign for gold and stocks.
This post originally appeared at DailyWealth.