Amrith Ramkumar

speaker

860 appearances 16 recordings 1 series first heard May 2018 last heard Sep 2021

Amrith Ramkumar’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Gold Had a Great Year, But Will It Remain a Safe Haven? · 29 Apr 2021 podcast

Lower yields and government bonds make gold more attractive.

A stronger dollar makes gold less attractive because it costs more for people overseas to buy it at that time.

So there are a lot of different factors that move it, and it can be very volatile, even though in general it often is seen as a safe haven.

It really varies from investor to investor what exactly they own.

And that's an important point when thinking about the gold market.

A lot of people prefer to own physical gold bars and coins and hold them at home, maybe in a safe if they have a lot, and just watch the value, hopefully appreciate over time.

So that's a common way for some people.

A lot of other people now prefer exchange traded funds like the SPDR gold shares that are backed by the metal.

But holding that ETF, which charges investors a fee for holding it, means that you don't actually have to touch any metal yourself.

So some people think that's cleaner.

So they're making a bet on the price of gold, but they don't actually have to purchase anything and deal with shipping it and holding on to it and all of that.

There are other ways, including investing in shares of gold miners.

Gold miners, an important point, tend to be much more volatile than even the underlying price.

So when the price of gold falls, gold miners tend to fall even more.

When gold prices rise, shares of gold miners tend to spike even more.

And yeah, there are also gold futures contracts.

So with the rise of trading apps like Robinhood and others that make it easier for everyday investors to even trade futures contracts, some people might even use those.

And those are commonly used by professional investors and traders and mining companies to speculate on where prices might go and hedge against price moves.

So depending on who you talk to, you might be Scrooge McDuck or any of a number of types of investors, really.

It could be.

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