Hedging Costs Money

Just a quick example for people who are keen on hedging or risk reduction. Hedging or risk reduction in any form acts as a drag on performance – this is a side effect of  what it is designed to do. The chart below is a performance comparison between GOLD and unhedged local gold ETF and…

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Gold Bugs

With North Korea’s new resident whack job running off at the gob and the United States man baby in chief responding I thought it would be interesting to take a look at gold. The supposed safe haven investment that that right wing doomsday preppers and idiot late night tv shonks go on about. There are a…

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