Going for gold
Gold has risen above USD 1,800 for the first time since 2011, when the price of gold reached an all-time high of USD 1,918. We are long gold through our overweight in commodities and believe the metal offers a good hedge in case market sentiment turns. But, in the case of a strong economic recovery, in which inflation expectations start to rise from very depressed levels, gold should do well too. With cash rates and government bond yields near or below zero, the opportunity cost for holding gold has dropped significantly, making gold an attractive portfolio diversifier.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity: