Buy Gold, Sell Stocks Is the “Trade of Century”
Buy Gold, Sell Stocks Is the “Trade of Century” by David Morgan via Gold Seek
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The “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.
It’s only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million under management, it has a history of outperforming the S&P 500 Index — with its Global Macro Fund returning 41 percent last year alone. Now the investment company says it’s ready to capitalize on an end of the economic cycle as indicators warn that a recession is imminent in the coming quarters.