Cash down, gold up
Ken Rogoff on the value of gold in a cashless society
Read the latest edition of our industry
leading publication, analysing gold demand
by sector and geography.
Gold is a highly liquid yet scarce asset, and it is no one’s liability.
It is bought as a luxury good as much as an investment.
As such, gold can play four fundamental roles in a portfolio.
Though comparisons have been made,
we believe there are several reasons why cryptocurrencies
are no substitute for gold.
As we look ahead, we expect that the interplay
between market risk and economic growth
in 2019 will drive gold demand.
Gold prices and returns, gold price premiums in key markets,
gold forward price curves, volatility and correlations
Though comparisons have been made, we believe there are several reasons why cryptocurrencies are no substitute for gold.
Cash down, gold up
Ken Rogoff on the value of gold in a cashless society