Portfolio Diversification Myths: Why Pension Funds Need To Rethink Their Strategies (And Buy More Gold)

Great charts in this: ``A prevailing myth says gold is risky and volatile. In fact, the opposite is true. Standard deviation, a commonly used measure of risk, calculates the total risk or variance associated with the expected return. Using this method to compare gold to every Dow Jones component over the last decade shows that gold is less volatile and has better performance. Other methods, the Sharpe Ratio and the Sortino Ratio, deliver similar results.''