Email of the day - on gold versus tech
Comment of the Day

August 24 2020

Commentary by Eoin Treacy

Email of the day - on gold versus tech

Some people think that technology shares and gold are correlated. Why would this be the case for such different asset classes?

Do you think if the Nasdaq drops that precious metals will as well?

Eoin Treacy's view

Thank you for this question which may be of interest to the Collective. On an historical basis there is little correlation between technology and gold. For instance, tech did very well in the 1990s while gold languished. When gold took off in the early 2000s, most tech shares spent most of the decade ranging. When gold peaked in 2011, many tech shares were on the cusp of completing those long base formations. So, what’s changed?

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