When the world gets uncertain, gold invariably becomes the go-to ‘safe haven’ for many investors. And, sure enough, since the start of 2016, the gold price has risen strongly. With global jitters around the Brexit vote, has the case for buying gold just got stronger? From lows of less than US$1,100/oz at the start of 2016, the price has risen to above US$1,300/oz. This has prompted renewed interest in gold as an investment option at a time when other assets are, for various reasons, looking a bit underwhelming. (Tim Kelley, Head of Research) Read the full article here: (VIEW LINK)
Tim is the Portfolio Manager of The Montgomery Fund – a concentrated, All-cap Australian equity fund that aims to generate capital growth and income. Montgomery focuses on owning high quality businesses and generating superior returns.