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home / news releases / UGL - Some Perspective On Gold Perhaps Contrary To Popular Thinking


UGL - Some Perspective On Gold Perhaps Contrary To Popular Thinking

Contrary to most investors thinking that gold is primarily an inflation hedge, thinking about gold and its correlation to long-term equity returns, my own opinion is that gold is really a hedge for sub-par equity market returns, and gold and the GLD really adds "alpha" (so to speak) when long-term equity returns are below-average.

Because the GLD ETF only came public in 2005, I have to work from memory from the late 1970s to through the early 2000s on what happened with gold bullion and the physical gold that was traded in the 1980s and

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Stock Information

Company Name: ProShares Ultra Gold
Stock Symbol: UGL
Market: NYSE

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