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Is gold a good investment? Show more Show less

Is gold a good investment? Will it lead to capital preservation and help and investor realize a return on investment? The question is polarizing, with some investors known as "gold bugs" being obsessed by it and others being completely dismissive of gold as an investment.

Gold is neither good nor bad, it depends on the circumstances Show more Show less

Gold does well in some environments and poorly in others. The main determinant is whether real rates are positive or negative.
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Gold is a good investment when bonds have negative yields

Gold does well when real rates are negative. Given inflation is positive today and real rates are negative in nominal and absolute terms, gold will do very well. Unsurprisingly, gold prices are highly correlated to the percentage of government bonds trading with negative yields.
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    This page was last edited on Sunday, 23 Feb 2020 at 18:09 UTC