Followers | 20 |
Posts | 7168 |
Boards Moderated | 0 |
Alias Born | 03/02/2013 |
Thursday, September 27, 2018 7:06:51 AM
« Long seen as the investment choice of the cranky and the fearful, the metal yields nothing; as Warren Buffett has said, it just “looks at you.”
This year has been especially lackluster for gold. Its price has slumped 8%, to about $1,200 an ounce, and is off more than 35% from its high of $1,900 in 2011. Adding insult to injury, Vanguard will soon rechristen the largest gold-oriented U.S. mutual fund and shift its focus away from the metal.
But this out-of-favor asset class now deserves a place in investment portfolios.
Compared with stocks and other financial assets, gold looks inexpensive. More important, inflation is starting to pick up in the U.S. and in much of the world as central banks shrink their enormous balance sheets. And gold has represented a good defense against inflation eroding the value of a stock or bond portfolio. Over time, it has held its value against the dollar. Gold was $20.67 an ounce 100 years ago and that bought a good men’s suit. At $1,200 an ounce, the same is true today.
“Gold is rare, and it’s hard to rapidly increase the supply of it,” says Keith Trauner, co-portfolio manager of the GoodHaven (ticker: GOODX) mutual fund, which holds Barrick Gold (ABX), a leading mining company. “People have historically viewed it as a hedge against government depreciation of local currency.”... »
http://sprott.com/investment-strategies/physical-bullion-trusts/gold-is-cheap-inflation-is-coming-you-do-the-math/
https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html
Recent KER News
- US Index Futures Fall Amid Tech Giant Earnings, Oil Prices Rise • IH Market News • 07/24/2024 09:55:54 AM
- Kering: Half-yearly achievement report on Kering share quotations liquidity mandate • GlobeNewswire Inc. • 07/02/2024 03:05:10 PM
- Kering : Communiqué établissant le bilan semestriel du contrat de liquidité de la société Kering • GlobeNewswire Inc. • 07/02/2024 03:05:10 PM
- Publication mensuelle du nombre d’actions composant le capital et du nombre total de droits de vote (Juin 2024) • GlobeNewswire Inc. • 06/17/2024 04:42:35 PM
- Monthly statement on the total number of shares and voting rights (June 2024) • GlobeNewswire Inc. • 06/17/2024 04:42:35 PM
- Kering: Monthly statement on the total number of shares and voting rights (May 2024) • GlobeNewswire Inc. • 05/16/2024 10:18:09 AM
- Kering : Publication mensuelle du nombre d'actions composant le capital et du nombre total de droits de vote (Mai 2024) • GlobeNewswire Inc. • 05/16/2024 10:18:09 AM
- Kering : Descriptif du programme de rachat d'actions autorisé par l'Assemblée générale • GlobeNewswire Inc. • 04/25/2024 04:50:18 PM
- Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting • GlobeNewswire Inc. • 04/25/2024 04:50:18 PM
- Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions • GlobeNewswire Inc. • 04/25/2024 04:38:23 PM
- Kering - Assemblée générale du 25 avril 2024 : Approbation de l'ensemble des résolutions • GlobeNewswire Inc. • 04/25/2024 04:38:23 PM
- Kering : Communiqué de presse - Chiffre d'affaires du premier trimestre 2024 • GlobeNewswire Inc. • 04/23/2024 03:45:00 PM
- Kering: Press release - First-quarter 2024 revenue • GlobeNewswire Inc. • 04/23/2024 03:45:00 PM
- Kering : Publication mensuelle du nombre d’actions composant le capital et du nombre total de droits de vote (Avril 2024) • GlobeNewswire Inc. • 04/16/2024 04:09:42 PM
- Kering: Monthly statement on the total number of shares and voting rights (April 2024) • GlobeNewswire Inc. • 04/16/2024 04:09:42 PM
- Kering: Information regarding the arrangements for taking part in the Combined General Meeting of April 25, 2024 and conditions for obtaining or consulting the documents prepared for the meeting • GlobeNewswire Inc. • 04/15/2024 01:29:38 PM
- Kering : Informations relatives aux modalités de tenue de l’Assemblée générale mixte du 25 avril 2024 et modalités de mise à disposition ou de consultation des documents préparatoires • GlobeNewswire Inc. • 04/15/2024 01:29:38 PM
- Kering : Acquisition d'un immeuble emblématique via Monte Napoleone, à Milan • GlobeNewswire Inc. • 04/04/2024 06:30:00 AM
- Kering : Acquisition of an iconic building via Monte Napoleone, in Milan • GlobeNewswire Inc. • 04/04/2024 06:30:00 AM
- MÉLANIE FLOUQUET AND ARMELLE POULOU APPOINTED MEMBERS OF KERING’S EXECUTIVE COMMITTEE • GlobeNewswire Inc. • 04/02/2024 04:00:00 PM
- Mélanie Flouquet et Armelle Poulou nommées Membres du Comité Exécutif de Kering • GlobeNewswire Inc. • 04/02/2024 04:00:00 PM
- Kering: Preliminary information regarding the first quarter • GlobeNewswire Inc. • 03/19/2024 05:00:00 PM
- Kering : Information préliminaire concernant le 1er trimestre • GlobeNewswire Inc. • 03/19/2024 05:00:00 PM
- Kering : Communiqué de mise à disposition du Document d'enregistrement universel 2023 • GlobeNewswire Inc. • 03/19/2024 11:38:23 AM
- Kering: 2023 Universal Registration Document (URD) available • GlobeNewswire Inc. • 03/19/2024 11:38:23 AM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM