Investing in the Gold to hedge the portfolio risk?

in #gold • 4 years ago (edited)

Compared to digital currency, gold price has been disappointing since 2021.

I have been thinking about the investment strategy by adding the gold into my portfolio. The purpose is to diversify the risk. There is very little references discussing this strategy.

A very recent research paper titled "Is Gold a Hedge or Safe Haven Asset during COVID–19 Crisis?" by Akhtaruzzaman, Boubaker, Lucey, and Sensoy (2020) suggests gold only served as the safe asset at the beginning of COVID19. Gold then lost the luster very soon after the mid March in 2020.

This paper is available publicly at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3621358

My reading of this paper is that gold did a bad job during COVID19, although I might interpret their results incorrect.

Any thoughts? I am also curious about the investment of digital currency along this line of thought?

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4 years ago in #gold by
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