Gold (XAUUSD:CUR) has become an interesting focus area for many investors recently, as inflation data has proven to be stickier than many had hoped. Gold is seen as a traditional hedge against inflationary times.
See what some of Seeking Alpha’s analysts have to say about the status of gold:
Samuel Smith in If I Could Only Own One Asset, It Would Be Gold: “Gold prices have pulled back lately, presenting an opportunity for investors to buy at a cheaper price … While I love dividend stocks, I love gold even more right now.”
Anna Sokolidou stated in Gold Is Undervalued And May Surge To $4000: “In my view, gold is substantially undervalued, given the monetary base, the Fed’s balance sheet and the Dow-to-gold index. Given these valuation measures, gold is worth $4000 per ounce.”
Cresent Capital in A Macro Shift At Hand: “We continue to believe we are on the cusp of a rare macroeconomic shift, like in 1972 and 2000, where a monumental investment setup exists on both the long and short sides of the market.” The institution went on to add, “We are confident that gold’s unpopularity is temporary. While market prices have been down, we have continued to accrete substantial intrinsic value through our activist investment in metal exploration and discovery.”
Gary Tanashian noted in Gold Lurks, Waits For Macro Changes Ahead: “Gold’s relative performance is generally inverse to the stock market as supported by bubble policy (monetary & fiscal), and it will not perform up to par with bubble beneficiaries.”
Gold Focused ETFs: (NYSEARCA:GLD), (NYSEARCA:IAU), (SGOL), (GLDM), (IAUM), (BAR), (OUNZ), (UGL), (GLL), (NYSEARCA:GDX), (NYSEARCA:GDXJ), (NUGT), (DUST), (PHYS) and (AAAU).
Read More: Gold and inflation – See what SA Analysts have to say about the precious metal