Labour’s serial flip-flopping on net zero is a distraction. Investors should look through the noise and focus on what actually works. That’s traditional energy, and it is currently trading at a discount to the market overall.
There has been a scramble for physical gold of late but investors have other options than hoarding of the metal. Miners are trading at historically low valuations. Royalties companies are also worth considering.
The game of musical chairs can be a useful metaphor for financial market dynamics, in particular crises. But does it apply to gold, a non-financial asset?