Unlike in prior years, it\u0027s not just the \u0027gold bugs\u0027 who feel confident about this investment\u0027s potential
Since global central banks continue to pump the equivalent of trillions of dollars into their economies and print money to bail out their respective economies, raising interest rates is not realistic, Shaler said, so inflation becomes a risk.Article content continued
Unlike in prior years, it’s not just the “gold bugs” who feel confident about this investment’s potential. The prolonged rally, however, has convinced MacNicol to boost that exposure to about 20 per cent per portfolio. The metal’s performance has even allowed him to convince one client, a long-time holdout who wanted no gold in his portfolio, to finally accept the standard allocation.Article content continued
He has looked to small- and mid-cap stocks for returns, since large-cap gold miners such as Barrick Gold Corp. and Newmont Corp. have been rangebound since recovering in April.Article content continued Hans Albrecht, a portfolio manager at Horizons ETFs Management Inc., has seen the strongest inflows in nine years into a covered call gold ETF he manages.
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