Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys, Interesting times. Just a quick question. Gold was always the go to during trouble times! What has changed? Is holding gold in shares or the commodity past? And if so, what is the new go to in commodities to hold? Pink Diamond's?? Br
Hi Wayne,
Gold is often the go to in troubled times but rising interest rates is a major headwind for any zero yielding asset. Gold has also struggled with the strong $US which has significantly exceeded our expectations on the upside i.e. as golds denominated in $US it usually falls when the greenback rallies.
Our “go to” would be quality defensive stocks which ideally also deliver a reasonable and sustainable yield, those with pricing power or where revenue has a CPI link to it like Transurban (TCL).
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