Friends With Money #126: Digging for gold

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It's often described as a safe-haven asset, but what makes gold so desirable to everyone from central banks to everyday investors?

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by chief market strategist at the World Gold Council, Joe Cavatoni, to dig into some of the big questions surrounding investing in gold.

  • What are the major drivers of demand for gold?
  • Why do central banks hold gold?
  • How has gold performed in times of economic uncertainty?
  • What could happen to gold prices if interest rates fall?
  • How can an allocation of gold benefit someone's portfolio?

friends with money podcast 126 digging into gold

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Joe Cavatoni joined the World Gold Council in September 2016 to lead business strategy for the Americas which includes oversight of investor relationships, product solutions, research, and marketing as well as the global ETFs platform. During his three-decade career in the financial services industry, Joe has developed expertise in the areas of global capital markets, exchange traded funds, asset management, trading, and business/platform development. He also spent more than 15 years working in Asia. Joe previously held senior positions at BlackRock, UBS, Merrill Lynch and Bank of America. He holds a Bachelor of Business Administration from George Washington University and a Master of Business Administration degree jointly from Northwestern University Kellogg School of Management and Hong Kong University of Science and Technology.