In this episode of “What’s the Risk?” we take a look at the historic performance of Gold since 1970. There are many ways to invest in gold today, physically where you can own it, or have it stored somewhere, or maybe you could mine it in the Yukon, like Tony Beets and Parker Schnabel of Gold Rush fame.
Alternatively there are ETFs in Australia, PMGOLD from the Perth Mint, QAU from Betashares, GOLD from Global X, iShares GLDN, and VanEck’s NUGG. All have differences in fees and how they’re structured. In the US, the better known ETFs are SPDR’s GLD and ishares IAU. We’re not looking at products however, simply looking at the Gold price history in USD.
Gold has provided a decent long term return to investor, but it can be sporadic. Historically there have been periods of incredibly strong short term performance before almost going dormant for long periods. Such investments require extreme patience and discipline, however we do find that Gold may be a legitimate portfolio diversifier.
Should you hold Gold in your portfolio? Like anything it comes down to your investment philosophy and can you justify it based on your goals or needs. It’s not something to add on a whim, and certainly not just because the media is talking about it when it’s hot.
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