Atlas Pulse Gold Report: Issue 76 As a multi-asset fund manager by trade, I wanted to know the times you need to own gold and those you don’t. Through luck or judgement, the track record over ten years has been excellent.

Public awareness of crypto grows by the day. Yet the gulf between institutional investment and digital assets seems to narrow at a glacial pace. That’s not to say that there is no institutional involvement, only that, in the bigger scheme of things, it remains at the fringes. What, if anything…

Atlas Pulse Gold Report; Issue 75 The risk facing gold is marginal compared to the risk facing US equities, and it is hard to see a scenario where gold doesn’t win.

In attempting to simplify crypto, someone once made an analogy to distinguish between bitcoin and ethereum, the two largest crypto assets. Bitcoin could be thought of as gold, and ethereum, oil. It’s a bit clunky but you get the point. …

Atlas Pulse Gold Report; Issue 74 We know there’s still a bubble in many parts of the stockmarket, and inflation may cool, but it won’t disappear. Whenever the economy starts to recover, it will resurface. Hold onto your gold.

Atlas Pulse Gold Report; Issue 73 Investors are overly fixated on the rise in real rates as the driver of the gold price. They forget the tailwind of inflation and the option value against a change in the outlook.

The chart below shows the performance of gold against the S&P500 and NASDAQ since 2000. Gold has demolished both. It’s a striking picture because this has been achieved during a golden age for equity investing. …

Bitcoin’s crash should be seen as a warning for the stockmarket. The recent crash in bitcoin was triggered by the US inflation data on Friday, which came in at 8.6%. The world laughs at the unwinding of the great Ponzi scheme, but which one are they referring to? Over the…

Atlas Pulse Gold Report; Issue 72 By definition, a liquid inflation hedge must be somewhat detached from the financial system and is unlikely to pass ESG screening with flying colours. You could point to inflation-linked bonds, but if things went badly wrong, they would be first in line for default.