The observation that gold has been a disappointing investment of late should come as no surprise to anyone in the investment world. The fact that this has occurred in the context of developments that would normally push gold prices higher is notable. But the most consequential hypothesis of all is that gold might be losing its traditional role in a diversified investment portfolio.
對于有評論稱近期的黃金投資令人失望，投資界的任何人應該都不會感到意外。值得注意的一個現象是，與此同時發生的一系列事件通常而言原本會推高金價。但在所有假設中，最重大的假設是黃金或許正失去其在多元化投資組合中的傳統地位。
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