Where next for Gold and Silver?

16 min Read Published: 07 Aug 2020

Precious metals, gold and silver, have been grabbing a lot of headlines of late. The price of gold, for example, has rallied more than 35% year to date as shown in the chart below (click to enlarge). I have also highlighted when I bought gold within my own £50k portfolio, which was just before the latest price explosion. Since then gold has rocketed 15% in a matter of weeks.

 

Silver too has rallied strongly and is up over 56% year to date as shown in the chart below. Again the price really exploded higher during July.

 

Perhaps it's no wonder then that investors who do not have any exposure are wondering whether it's too late to invest in the precious metals. In fact, I received the following question via Chatterbox:

Hi Damien,
Is it too late to invest in a gold ETF?

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