How to invest ethically in gold

SEEKING SAFETY IN GOLD

Neville White, senior SRI analyst at Ecclesiastical Investment Management, explains how to invest in this so-called safe haven asset in an ethical way.

Shakespeare has the Prince of Morocco assert in The Merchant of Venice, ‘all that glisters is not gold’, but investors perhaps may be forgiven for disagreeing.  It has become something of a well-worn cliché that gold has been a safe haven for investors during recent market volatility. With the price of gold soaring 12.2% in six months and 29.4%1 over the past year, investors have, not surprisingly, sought positions in gold as a ‘tail risk’ hedge that has a unique risk and diversification profile. The rise of gold Gold, of course, benefits from strong, upward demand and constrained su...