Hold gold: it’s an insurance policy against global volatility

Gold has proved a wonderful hedge against recent turbulence for British investors, reaching a record peak in sterling terms. Now bulls should be looking at gold mining stocks, says Dominic Frisby.

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Gold was one of the go-to investments of the 2000s. From $250 an ounce back in 2001 it rose between 10% and 20% each year, seemingly without fail, until it eventually peaked in September 2011 at $1,920/oz. Mining companies went up ten, 20, in some cases even 100 times. There was a lot of noise and furore. Gold bugs got so excited that they were sure fiat money was going to collapse.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby