Investing in a pandemic: Gold remains the gold standard
The gold price is trading at near eight-year highs.
An ounce of gold fetched $1799 late on Tuesday afternoon (South Africa).
The price of gold reached a record-high of $1921 in August 2011.
Gold price performance in US$
30 days +4.36%
Six months +16.16%
One year +27.87%
Five years +57.16%
20 years +538.3%
It’s an incredibly positive macro-environment for gold… The key drivers have been the absolute collapse in global interest rates… and the fear that there’s a massive wave of inflation coming…Izak Odendaal, Investment Analyst - Old Mutual Wealth
We’ve been mining gold since 1886. All the good stuff is out of the ground already…Izak Odendaal, Investment Analyst - Old Mutual Wealth
In rand terms, the gold price is at a record high… making marginal mines more attractive…Izak Odendaal, Investment Analyst - Old Mutual Wealth
We’ve missed out on the previous commodity boom. We can’t afford to miss out once more.Izak Odendaal, Investment Analyst - Old Mutual Wealth
Listen to the interview in the audio below.
This article first appeared on CapeTalk : Investing in a pandemic: Gold remains the gold standard
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