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AAAU - Gold: Reasons To Stay Bullish On The Metal And On Some Miners
Goldman Sachs Physical Gold ETF
Introduction
As a blogger, I turned bullish on gold (IAU) around September 2009 as it began to challenge its Q1 2008 all-time high around $1000 (all gold prices are per ounce). Since then, gold has risen at a price around 6.2% per year. This is far below the returns from the S&P 500 (SPY), as well as lagging returns from long-term Treasury bonds (TLT).
I remain bullish on gold, a stance I expressed in a March 2 article centered on bonds as the crisis began to intensify, which devoted