While artificial intelligence may dominate headlines, it's the gold market that deserves everyone's attention — at least that's the argument forwarded by renowned macro investor Ray Dalio. With the world order shifting and debt assets' risk profile rising, gold has emerged as the superior store of wealth. As such, bullion and even gold mining enterprises may be more deserving of market capital.
It's difficult to argue with the raw numbers. On Thursday, during a session when the major indices stumbled, gold found itself up nearly 2%. What's more, several of the top-tier tech enterprises that have captivated the imagination fell sharply. On a year-to-date basis, the price of bullion has gained over 64%, with much of that performance — almost 32% — coming within the past six months.
