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Gold bug?

Banks - 31 August 2020

If you’re keen on gold Ingham Analytics has issued a note entitled “Gold bug?” Gold is flying. Even Berkshire Hathaway has belatedly become a gold bug. What is driving this? And why is South Africa not reaping the bonanza that Australia is? For investors keen on diversifying into gold at a time of world-wide fiscal and monetary stimulus there is a universe of alternatives say Ingham Analytics - you don’t need to be confined to the JSE as both the Australian Stock Exchange and the Toronto Stock Exchange have some high-quality gold counter choices. But can the gold price keep at around $2,000/oz?

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