Gold Is Acting More Like a Growth Stock Than a Value Investment

During their recent episode, Taylor, Carlisle, Daniel, and Collins discussed: Gold Is Acting More Like a Growth Stock Than a Value Investment. Here’s an excerpt from the episode:

Vincent: I think it’s something– When you invest in something like gold, you know you’re against the world or a good portion of the world. So, I’m not calling conspiracy. But clearly, there’s another side that does not want to see that go up. So, you’re fighting against the grain. So, I’m not terribly surprised it doesn’t roof. I think what’s interesting, and knock on wood when I say this, gold has had a pretty decent run.

I felt like it was getting to an overbought phase, like a near term overbought phase. I’m always interested and it’s like, “Okay, how is this going to resolve itself? Is it going to resolve itself the way growth companies resolve itself, which it stays flat for a week, maybe two weeks, and then just starts ripping up again and resolve its overbought conditions, or is it going to resolve itself like a value name which has to drop 25%, 30%,-

[laughter]

Vincent: -hang there for a little bit, and then go back up?” And so far… , it’s so good, that it’s resolving itself more like something that’s in favor that has flows coming into it rather than some of the stuff that we usually traffic in. All of us, not just Porter– So, yeah.

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