Rampant inflation has made the gold trade hot again, and the best way to play the momentum may be through ETFs and owning the physical metal, says one commodities industry veteran.
“The ETFs are probably the easiest way. You can buy equity ETFs and you can also buy the physical gold. The physical gold is a very safe bet, but you don’t get the premium that you get in a good equity,” said Barrick Gold CEO Mark Bristow on Yahoo Finance Live.
To say the gold trade had been dead in the water for almost two years may be an understatement, as investors rotated into high growth stocks in a bid to drive returns during a sharp economic recovery.
Gold prices haven’t yet reclaimed their more than $2,000 an ounce highs seen in late July 2020. Prices dipped to as low as $1,728 an ounce in Sept. 2021.
