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By: Rachel Koning Beals – News Editor Marketwatch Gold's sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion-that is, as an alternative to assets perceived as risky, like stocks. They're betting that the opposite will be true as well, that gold will resume its role as protector and diversifier, even inflation hedge, when what they see as bloated price-to-earnings ratios, heavy debt-to-GDP ratios among major economies and hints of higher inflation finally catch up to the stock market. “Sure, the opportunity cost of holding gold given [...]

By: Rachel Koning Beals – News Editor Marketwatch Gold's sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion-that is, as an alternative to assets perceived as risky, like stocks. They're betting that the opposite will be true as well, that gold will resume its role as protector and diversifier, even inflation hedge, when what they see as bloated price-to-earnings ratios, heavy debt-to-GDP ratios among major economies and hints of higher inflation finally catch up to the stock market. “Sure, the opportunity cost of holding gold given [...]