Owning gold is back in vogue. Last year the price of the precious metal posted its strongest annual gain since 2010, rising 13.09% to close the year at $1,303 per ounce. And since the end of 2017, gold has continued to rise hitting a high of $1,360/oz this week as the value of the US Dollar has slumped. This performance means that gold has now outperformed a similar investment in the S&P 500 over the past 16 years. According to analysis from Sprott Asset Management, gold has now posted positive annual performance during 14 of the past 17 years, amassing a…
Owning Gold Is Not About US Hyperinflation Fears
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk