Wie viel Gold ins Portfolio gehört

The precious metal convinces many investors when interest rates are low. The low correlation to the stock exchange is also a plus. But the gold content should remain limited.
Gold fans sniff the morning air: the price of the precious metal has risen by over 20% since the beginning of 2019. In the previous years, gold was almost only bobbing away. Jan Bopp, investment strategist at Bank J. Safra Sarasin, explains: "The conditions are good at the moment: the price has broken out of its sideways movement, the central banks are buying more in the market and the opportunity costs are low due to low bond yields." Opportunity costs are the lost Income from other asset classes when investing in the non-yielding precious metal.

1571.83 USD 0.57% 8.91                   4,21%

24.01.2020 22:59:59                          2,56%

1W|1M|3M|YTD|1J|5J                        0,91%

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Long-term - strategic - portfolio recommendations of some banks lack the precious metal. "Our strategic allocation provides for a gold share of zero - but tactically it is currently 4.5%," says Bopp. The professional portfolio designers of banks and fund managers cannot use one of the most important approaches to systematically determine the proportion of an asset class for gold: Due to the lack of ongoing returns, an assessment based on future cash flows is not possible. The performance of gold therefore depends on the appetite of investors.