Gold has been incredibly boring to own – but that’s no bad thing right now

Stocks, bonds and cryptocurrencies have all seen big falls this year. But gold remains at its one-year average. It may be dull, but it’s doing what it’s supposed to do, says Dominic Frisby. Preserving its value – and your capital.

Gold bars
If the US dollar heads lower, gold will make a move.
(Image credit: © Akos Stiller/Bloomberg via Getty Images)

I haven’t covered the perennial disappointment that is gold for a while, and I felt it is overdue some attention, so that will be the subject of today’s article.

I say perennial disappointment, because it “should” be so much higher. It’s summer. Usually, the best time of year to buy each year is in the June to August timeframe.

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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