After rising six days straight, stocks have edged lower amid a new round of quarterly earnings reports from US companies.
In our poll today, we wanted to know: If you had to buy the S&P 500 or Gold today, and hold for one year, which would you buy?
At the time of this post, 63% said they would buy GOLD; 37% said S&P 500.
One voter who chose GOLD specifically pointed to #InflationAccelerating and said that “the best option for protecting your money is always gold.” Another echoed the sentiment: “Gold loves slowing of growth, and that's what we're seeing, along with rising inflation.”
A few GOLD voters stated that the S&P 500 seems overvalued, has bearish signs on the weekly charts, and that when the dollar goes so will the S&P.
Or as one responder for GOLD explained, “Having a young family we are feeling the inflation in our bottom line. Fear can happen fast.”
Of those who said they would buy the S&P 500, these comments tell the story:
- “Gold is a crisis hedge and a terrible inflation hedge. I expect a roller coaster of a ride, but bubbles blow bigger before they burst, and they burst at the end of the Presidents term, not in the middle.”
- “Gold is going to 1150 - no catalyst at all to buy currently.”
- “In the near term, gold might outperform stocks as stocks might go [through] a correction in summer. But a year from now, I expect stocks to significantly outperform gold.”
- “Secular up trend versus secular down trend.”
- “The correction won't happen until May 2015.”
