It's looking grim again. Is gold the would-be saviour?

[Fittster]

BlackLabel said:

We don’t hear much about gold these days - even zero hedge/moneyweek types don’t talk about it as much as they used to. Perhaps they’ve moved on to crypto currencies?

Is investment gold still a thing?

"Why one of the world’s top hedge fund managers thinks it’s time to buy gold" - 22/07/2019

https://moneyweek.com/511562/ray-dalio-buy-gold/

It's the fourth article on their website.

[GT03ROB]

I have a fund exposed to gold. Up 36% this year so far most of that from the beginning of May

[Fittster]

GT03ROB said:

I have a fund exposed to gold. Up 36% this year so far most of that from the beginning of May

up compared to what?

[GT03ROB]

Fittster said:

GT03ROB said:

I have a fund exposed to gold. Up 36% this year so far most of that from the beginning of May

up compared to what?

Up from where it was at the beginning of the year.

[DonkeyApple]

GT03ROB said:

Fittster said:

GT03ROB said:

I have a fund exposed to gold. Up 36% this year so far most of that from the beginning of May

up compared to what?

Up from where it was at the beginning of the year.

But has it gone up or has what you are measuring it against gone down?

On this occasion over the last 12 months the value has risen against all three main currencies. Other primary assets don’t appear to have risen in the same way which does suggest an explicit increase in the demand for gold. And given all that is currently going on with the US/China trade war, the US trying to kick off in the ME again, Brexit, DeutscheBank having to formally accept that it is worth less than €1 having been the architect and driving machine behind the eurozone crisis and finally growing talk of reversing the end of QE, all of this supports a rising value.

[BlackLabel]

Those holding Gold have had a good 6-12 months.

[youngsyr]

BlackLabel said:

Those holding Gold have had a good 6-12 months.

Much bigger gains could have been had in FTSE100 companies in less time, GAW:.

[bitchstewie]

Most people with a balanced portfolio will probably have a slug of gold exposure.

Not sure the same can be said of a slug of Warhammer 40K