Will gold keep going higher?
While everyone is watching the main US stock indices break records day after day thanks to FAMANG stocks, the gold price also keeps creeping higher towards $1800 per ounce. Many investors remain sceptical, as they struggle to value gold. But there’s a lot to say for the gold rally to continue.
Quintet: Better gold than bonds
Earning no yield on gold is better than a negative yield on bonds. Therefore investors should shift the allocation of their portfolios from negative yielding bonds to gold, according to Quintet.
Quintet (formerly KBL European Private Bankers) is positive about alternatives and tends to have an overweight in gold both for the long and short term.