Cameron McCormack

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292 appearances 1 recordings 1 series first heard Sep 2026 last heard yesterday

Cameron McCormack’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

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Australian Finance Podcast · If you had $20,000, build your ETF portfolio like this · 28 Sep 2026 podcast

Um a a a great, I guess, barometer is looking at um the US D um in terms of its strength relative to a basket of other currencies.

So when you see typically the US dollar weaken, um that's typically when you see the gold price um increase historically.

Um you can also look at changes in what's called real yields, um particularly long dated I'm getting a bit sort of technical here, but essentially it's looking at changes in government bond yields taking away um the impacts of inflation.

Yep.

And when you see typically the long well, when you see real yields decrease, that's typically when you see the gold price increase.

So there's a range of I guess areas that we look at in terms of you know understanding I guess where the correct

Correlation in terms of what are the underlying drivers of why gold has has done what it has more recently and I guess over the over the medium term as well.

Now, one of the other benefits of gold is it's got a very little correlation with particularly equities.

You know, it's close to say zero.

So from a portfolio construction perspective, it gives you that natural diversification because it doesn't behave how, say, equity markets.

Yeah.

Um so that's you know, I that's another reason why.

I think it has a uh has a a place in um you know, my grandma's portfolio, all the three thousand dollars that she's she's given me.

Correct.

Yeah.

So if we see, say let's say hypothetically, um

If we let's say economic growth proves to be a little bit weaker.

You would could not historically um anticipate I guess yields to come off.

Now when you look at real yields, if inflation expectations increase, that also brings real yields real yields down.

So that's why again when you look at I guess changes in economic growth and changes in inflation, that's why it's a key driver of I guess historically how the gold prices moved.

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