Ausbiz – gold fever
I joined Juliette Saly from Ausbiz yesterday to discuss the surge in gold buying and why it may be driven more by fear than logic. With queues forming outside bullion dealers, many investors are chasing gold as a hedge against inflation, currency debasement, or geopolitical risk – reasons that have existed for years. Yet, as prices hit record highs and physical gold carries steep costs and little utility, the rush looks more like Fear Of Missing Out (FOMO) than sound investing. While gold can’t generate income and its vertical price rise seems unsustainable, those still bullish might consider exchange-traded funds (ETFs) over physical bars, which offer lower friction and better financial sense.
Catch the episode on Ausbiz here: Are we paying too much for gold?
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
He is also author of best-selling investment guide-book for the stock market, Value.able – how to value the best stocks and buy them for less than they are worth.
Roger appears regularly on television and radio, and in the press, including ABC radio and TV, The Australian and Ausbiz. View upcoming media appearances.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
