Last week's poll was a question asking what investment asset class makes the best sense in the current environment? The final numbers are in below:
I was not that surprised to see that Gold took a lead here. It's real price has been soaring in recent days and is over $800 per ounce (As I write today it is nosediving, typical!). It started the year at around $600 so any investment will have reaped strong rewards so far.
Shares/Stocks too in the West have suffered at hit already with the tech bust and the ratings are not so high on them that a huge correction is likely, according to the market bulls at any rate. However, investments in China and South America are going to have to be well timed to escape with the profits. Goldman Sachs I see has already been liquidating assets to book profits in these regions.
Very few people voted for commodities and this did surprise me. There is huge demand in the world and sovereign funds are going to suck up supply. As much as prices are high, so is demand.
Which leaves cash as the orphan. If I had some cash I am sure I would know what to do with it, but I don't. At this very dodgy moment in the economic cycle though it shows what bulls the readership here is.....
PS I voted gold.