A Golden Madoff? Sharpe of 4 - a level usually reserved for financial fiction
Gold to gold
Gold is now the best performing major asset class over the last 20 years with an annualized return of over 11%. There are many new records for gold during this bull run. We cannot help but question if the sell-off (or should we call it "correction") will be equally violent and spectacular when it happens. We will know in 3, 2, 1...