Spotlight on gold

Tim Farrelly  |  farrelly’s Investment Strategy  |  16 June 2023

Executive summary

  • Gold is tangible and has a long history upon which to draw conclusions - Gold is a currency that has been used since Roman times. It cannot be manufactured and it does not perish. It is difficult to value, but we have data on gold prices going back over 800 years and so we can assess of how its price has behaved in different circumstances. This enables us to draw a number of conclusions, some reliable, others less so.

  • Gold is a poor hedge against inflation over meaningful time horizons - Over thousands of years, gold has maintained its purchasing power. However, over shorter...

Not yet a Member? It’s quick and free to join. Already a member? Please log in.

What's new with our live and on-demand continuing education, accreditation and certification programs.

Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.