Hobson: I Hate to Admit it, But Gold Looks Attractive

THE WEEK: Morningstar columnist Rodney Hobson explains why gold and bonds are not always the safe havens they are often touted to be

Rodney Hobson 18 November, 2016 | 2:13PM

Regular readers will know that I do not invest in gold or in bonds, although I accept the argument that diversifying a portfolio into different asset classes is a sound idea. Just remember that gold and bonds are not always the safe havens they are often touted to be.

Like shares, gold has provided a decent hedge against the fall in the value of the pound since the Brexit vote

Of the two, gold is looking increasingly the better bet, and it really goes against the grain for me to say that. At least bonds offer you some income.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barratt Developments PLC495.00 GBX1.14
Berkeley Group Holdings (The) PLC3,961.00 GBX-0.58
Speedy Hire PLC52.40 GBX3.15

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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