Is it still a good idea to buy gold?
For the first time since 2013, gold has passed the level of USD 1550 per oz. For those investors who have chosen to hedge the portfolio with the yellow asset, the recent weeks' turbulence in the stock market has not been quite as noticeable as for those who have been fully invested in equities. But in a situation when the price of gold in a relatively short time has gone from below USD 1300 to today's levels around USD 1530, the question is whether it is still a buying situation or if the opportunity was missed.
For the first time since 2013, gold has passed the level of USD 1550 per oz. For those investors who have chosen to hedge the portfolio with the yellow asset, the recent weeks' turbulence in the stock market has not been quite as noticeable as for those who have been fully invested in equities. But in a situation when the price of gold in a relatively short time has gone from below USD 1300 to today's levels around USD 1530, the question is whether it is still a buying situation or if the opportunity was missed.
In an interview that Erik Townsend did in the Macro Voices podcast with Brent Johnson, they discuss the future of gold. Townsend has said before that he is waiting for a downside in the gold price to around $ 900 before he wants to buy, while Brent Johnson says the situation to buy gold was one, two or three years ago and that if you already have gold in the portfolio should one does not refill today. However, Johnson believes that if you still lack gold exposure, there is always a way to scale in, no matter what the price is right now.
Knock-Out Warrants
See gold as your fire insurance. If you already have one today, it is unnecessary to buy another more expensive one. However, if you still have not insured your portfolio then it is always location, regardless of price.
Today, more than 30 percent of the total global bond market is allocated to interest-bearing securities with a negative yield, and it does not appear to be reducing or even flat.