Douglas Lamdin, Economics, had his recent study featured on the website of the American Association of Individual Investors (AAII). The article, “New Evidence on Whether Gold Mining Stocks are More Like Gold or Like Stocks” was co-authored with Mark Johnson of Loyola University, Maryland, and is forthcoming in the journal Alternative Investment Analyst Review.
The study examined the role of gold and gold mining stocks in diversified portfolios. Lamdin and Johnson found that neither gold nor gold mining stocks are a hedge against declines in the stock market. Both gold and gold mining stocks, however, do provide diversification benefits, with gold the preferred diversifying asset.
