Vaccine success, Biden bounce: is it time to dump gold and buy the FTSE 100?

Vaccine success, Biden bounce: is it time to dump gold and buy the FTSE 100?

Gold bullion on a chart When the Covid-19 pandemic struck, most FTSE 100 shares crashed. Investors piled out of shares, and into gold. Bullion bounced, and the price of an ounce had soared to over $2,000 by August.

That’s not surprising. Traditionally, investors move out of stocks and into things like gold when shares get a bit rocky. Folks tend to see shares as something to make profits from, with gold held as a means of wealth preservation. People move into cash for the same reason, even in times when interest rates are tiny. Earning no interest from a savings account is still better than losing money on the stock market, right?

Gold was already slipping, and the events of the past week or so have accelerated the trend. Firstly, world stock markets reacted positively to the news that Joe Biden has won the US Presidential election. The FTSE 100 was […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet