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ETF investors are going for gold, despite many drawbacks
By Brian J. O'Connor
The New York Times
Friday, October 11, 2019
Like eager prospectors in a B western, many investors believe there's gold in them hills -- and that's where they’re heading.
Gold has often been a haven for investors, and there are plenty of reasons to seek safety now. They include the trade war with China, weakness in Europe, central bankers looking at subzero interest rates, turmoil in the Middle East, the looming Brexit and uncertainty heading into the 2020 United States elections, and fears of a possible recession.
By mid-September, investors had poured nearly $8 billion this year into exchange-traded funds that hold gold. ...
... Dispatch continues below ...
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But even some gold naysayers say this could be gold's moment in the sun, including Vitaliy Katsenelson, chief executive and investment officer of the IMA investment advisory firm in Greenwood Village, Colo., and author of "The Little Book of Sideways Markets." ...
"When every country is trying to destroy its currency, it makes gold a more attractive investment," Mr. Katsenelson says. "It's OK to own a little gold. Today it's not an irrational decision." ...
... For the remainder of the report:
https://www.nytimes.com/2019/10/11/business/etf-investors-gold-drawbacks...
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