Summary: The Netherlands, Russia and Kazakhstan have been buying gold, a sign that many governments retain faith in the metal as a long-term store of value. For individual investors, the more risky options include buying gold jewellery or shares in a gold mining company. ETFs and physical gold are less risky, and my preference is physical gold, far away from the potential for human error.
Key take-out: Governments retain faith in gold as their own currencies falter. The yellow metal represents a sheet anchor underpinning a balanced portfolio.
Key beneficiaries: General investors. Category: Gold.