Gold has long been a safe haven for investors who want some element of core stability in their investment portfolios. But you do not have to invest in gold bars to do it. There are various ways to invest in gold, by holding the physical metal, through exchange traded funds (ETFs), which track the price of gold, by investing in shares in companies that produce gold, or funds that do the same.
George Cheveley, manager of the Investec Global Gold Fund takes the latter approach; investing in a range of gold mining companies. Sometimes with a smattering of silver, palladium or platinum for good measure.
Here he explains how gold mining companies can at the same time both benefit from the underlying gold price when it rises and yet come into their own too when it goes south. And how investing in a fund like Investec Global Gold can add a level of “comfort” to your investment portfolio.
More on Investec Global Gold
Important information The value of investments and the income from them can go down as well as up, so you may get back less than you invest. Overseas investments will be affected by movements in currency exchange rates. Select 50 is not a personal recommendation to buy or sell a fund. Investors should note that the views expressed may no longer be current and may have already been acted upon. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.