This week, I’ll be looking at gold and some producers. Gold has historically been a fantastic asset class, and though many have lamented in the last few years over the lack of volatility, in the long run holding gold has produced fantastic gains.
Whilst Stockopedia does not have commodity charts, we can see the price increase since 2008 from Gold Bullion Securities – an ETF that offers security holders a simple way to access the gold market by providing returns that are equivalent to the movements in the gold spot price.
Coronavirus in recent weeks has helped to push the spot price higher, as fears of a spanner being thrown in the works of the global economy has seen equities – especially those with exposure to China in manufacturing and supply chain – sell off.
That may be short term, but looking back over the price of gold the trend is here to stay. In reality, gold is a fairly useless piece of rock. The vast majority of it is used in jewellery and investment, but it’s the value that everyone collectively places on it that gives it its value.
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