Beta clockers: Investing outside of physical gold

The benefits of gold miners and silver-versus-gold plays

Investors can hold physical gold alone, or enjoy the beta benefits of broadening their reach.

At the very basic level, gold is a currency; an FX instrument. It plays the role of defence against the loss of purchasing power and the idea of the 'golden constant' - the first statistical proof, published in 1977, of gold's inflation hedging qualities, which explains how the same quantity of gold can buy the same basket of goods at different points in time. Gold investors eye beta opportunities as rally rolls on The evidence of the past 20 years - with the exception of short periods in which silver has performed well - would suggest that gold miners and silver do not merit the atte...