Tocqueville Gold Strategy Investor Letter Year End 2014
By John Hathaway on January 15, 2015
It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid gains against all other currencies. While the dollar price of gold was essentially flat in 2014, highly negative media coverage created the …
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