88. Can the price of gold rise as high as $3,000?

The price of gold rose above $2,000 an ounce for the first time ever this month. In this podcast, Ned Naylor-Leyland, manager of Merian Gold & Silver fund, explains why investors have been attracted to gold and gives his view on how high the price of bullion could rise. He also tells us why income investors are looking for dividends from gold mining companies, and explains how silver can augment returns.

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A truly unique fund, Merian Gold & Silver invests in both physical gold and silver bullion, as well as gold and silver mining companies. Manager Ned Naylor-Leyland is a passionate advocate for his asset class and believes gold and silver should be thought of as a currency, not a commodity.

Read more about Merian Gold & Silver

What’s covered in this podcast:

  • Why the price of gold has risen recently [0:42]
  • Will the gold price reach $3,000 per ounce, as predicted by Bank of America? [1:43]
  • The performance of silver explained [3:09]
  • Why income investors are interested in gold mining shares [5:38]
  • Whether ‘hot money’ is a worry [7:24]
  • The outlook for gold [9:19]
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