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FT promotes silver, but maybe just to divert interest in gold
Five Gold Rings? I'd Rather Have Silver
By Moira O'Neill
Financial Times, London
Friday, December 22, 2023
All I want for Christmas is silver, copper, and uranium rings ... plus, maybe, some recycled gold.
When gold plunged to $1,355 in April 2013 financial advisers lined up to warn me that the metal was "just speculation" and "not a traditional investment" because it didn't pay an income.
But all I should have asked for at Christmas in 2013 was the investment equivalent of five gold rings: shares in iShares Physical Gold. Ten years later I would have doubled my money, as gold passed $2,000 to reach record highs.
... Dispatch continues below ...
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Fortunately, I haven't missed out on all of these gains, as I hold about 5% of my pension in gold for its unique profile. It has a historically low correlation with other asset classes and acts as "insurance" during falling markets and times of geopolitical stress.
But thinking over the next 10 years, should I -- and others who hold gold -- pocket some of our gains and diversify into other metals, particularly in light of the demand for rare metals promised by this month's COP28 agreement?
Silver may be best placed to add some extra shine to a portfolio. ...
... For the remainder of the report:
https://www.ft.com/content/aa1ddb84-67cf-4272-b864-5a06040a5f9a
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with great GATA-label wine
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Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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