Is gold losing its luster?

As stocks continue to rise, investors are dumping money into the market-- and pulling out of gold. Christine Romans reports.

最近黄金大跌，下跌预示黄金熊市到来，还是一次短期下跌？华尔街著名投资人、前量子基金合伙人杰姆·罗杰斯说黄金在货币超发时代，仍具有很强的保值增值潜力。

America's latest gold rush. When even reality TV fans are watching Tv shows, like Gold Rush, Yukon Gold, is that the signal that the bubble has burst? For centuries, investors have depended on gold as a safe store of value in the face of rising prices, but now the precious metal's luster seems to be fading. Gold price has down more than 20 percent since September. What's going on? And why now? Is gold still a safe haven? Economic growth numbers out of China are rising enough for investors to worry. Slow in the growth of world's second largest economy will mean lower demand for precious metals, with industrial uses, like gold, but someone are buying it.

-A lot of people are taking them as evidence the world is slowing, no inflation, commodities are dead, get out of gold. That is not the deal. This is the real desperation on the part of the West. They set off some sort of panic, so no one would ever go near gold again.

The move out of gold would suit many central banks just fine, because lower gold prices imply higher confidence in their monetary policies. Right now, it could be summed up in two words-- friend, money. That confidence may push investors away from gold and into stocks, which are now trading near all-time highs, but it can't last forever. All that extra money in the financial system could fuel inflation and that will make gold attractive again as a safe hedge against rising prices.

-My suspicion is as gold is looking for a bottom, is this might or next, you are likely to see a gold resilient trend in coming years.

Christine Romans, CNN, New York.