In the midst of the longest bull market in history, it is hard to find assets that offer protection and diversification, writes Rory McPherson, head of investment strategy at Psigma Investment Management.
Our search leads us to gold, and in particular gold miners. Gold has been rightly unloved since the start of this current bull market in March 2009. Investing in gold mining stocks back in 2009 would have lost investors 25% of their money, whereas investors would have tripled their capital if they had invested in stocks, doubled their money if they invested in high yield bonds and returned 50% if invested in high grade bonds. Investors turn to gold amid stockmarket volatility Last summer marked a turning point for gold and price action has now started to reflect this. The a...
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