ETF Research and Analysis

by Ben Johnson, CFA
Gold is traditionally sought after as a store of value in times of severe economic dislocation, an insurance policy against financial Armageddon. Its historically low- to negative- correlations with most broad asset classes   Read more 

Bull Case

Real interest rates are at all-time lows, reducing the opportunity cost of holding gold.
Gold's returns have historically been uncorrelated to both stocks and bonds.
Demand from price-insensitive emerging-markets central banks may drive up the price of gold. Read more 

Bear Case

Gold is a nonyielding asset and will likely fail to continue to appreciate over decades-long spans.
The dollar's recent strength has been a major headwind. Read more 

Under the Hood of Multifactor Investing 
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