It’s getting harder for big investors to ignore gold

The world’s biggest hedge fund group has come out in favour of gold. John Stepek explains why you should own gold too, and what would happen to the price should it become a mainstream asset.

Gold coins © Jason Alden/Bloomberg via Getty Images
Gold could be about to go mainstream
(Image credit: © Jason Alden/Bloomberg via Getty Images)

We like gold here at MoneyWeek. Not just during the bull runs (though we do prefer them) – we’ve always seen gold as a useful diversifier for your portfolio. It’s unusual in being an asset that goes up, or at least holds its value when bad things happen, and most other assets go down.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.