ETF Research and Analysis

by Ben Johnson, CFA
Suitability
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 significantly over decades-long spans.
The dollar's recent strength has been a major headwind. Read more 

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