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A gold proxy is a stock whose stock price moves in tandem with gold prices.
The rationale for investing in a gold proxy rather than directly in gold is the belief that gold price changes have some "multiplier" effect on the proxy. In other words, you can make more. Of course, the risk could be higher.
In my earlier analysis of Bursa gold jewellers covering 2007 to 2021, I found that the correlation between gold prices and stock prices was not significant.
I have now updated the analysis to cover till 2024 as gold prices have been on an uptrend over the past 2 years.
If you want to know more about the latest findings, come join the podcast tonight
