Page 18 - Bullion World Issue 3 July 2021

Bullion World | Issue 03 | July 2021

Discussion on

Demand, Supply & Price of

Precious Metals - Is it time

to trim exposure in PM?

Excerpts from virtual APPMC 2021

Moderator Panellist:

Mr. John Reade, Chief
Market Strategist, WGC:

Starting with the title to address first,
Is it time to trim exposure in PM? The
answer for that is, it depends on how
much you want them for. It quite obvious
that Gold has a strategic role in the

Mr. Nikos Kavalis Mr. John Reade portfolios. A gold exposure of 5-10% in
MD, Singapore, Metals Focus Chief Market Strategist, WGC your portfolios always makes a sense all
- Gold the time. You can always have a tactical
tilts around that strategic exposure.
Panellist: Panellist: Due to the corona virus, we saw an
increase in tactical exposure last year
and they did very well as gold was one
of the best performing assets. We saw a
lot of position trimming take place after
the good news came about the vaccine
in November. So we feel trimming of
precious metal specifically Gold may
have run as a course and that’s one.

Gold is not the best performing asset
compared to the other commodities
Mr. Trevor Raymond Mr. Bart Malek at the end of the US recession. So the
Director of Research, WPIC Head of Commodity Strategy, TD underperformance of gold with other
- Platinum Securities industrial commodities makes a sense.
Silver

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