The charts that matter: “growth scare” grips the markets

Asset prices fell hard this week as investors reassessed the “reflation trade”. Here’s what’s happened to the charts that matter most to the global economy.

Welcome back.

In this week’s magazine, we return to an old favourite: gold. There’s no denying it, it’s had a bad year – down around 15% in the last 12 months even as commodities rallied hard. But does that mean there’s no point holding gold? Far from it, says Dominic Frisby. The backdrop “remains auspicious” for gold, and we could see the price rise by 30%-40%. And of course, in times like these, it’s invaluable as portfolio insurance alone. Find out what he has to say in this week’s magazine – if you’re not already a subscriber, sign up for MoneyWeek magazine now.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.