Gold is a risk asset favoured by the newly rich, it carries no yield, it costs a lot to store and its value has moved annually by 20-30% – in both directions! In our current economic environment it is only the first fact that makes it desirable as an investment.
Gold was our worst performing asset in 2013, thankfully I never got over-enthusiastic with gold as a major investment option, so our losses were low when compared with our gains in shares. But we can’t only hold shares without experiencing a fair number of sleepless nights. Continue reading “Gold”