Gold typically finds favour during times of financial stress as a safe haven, but the prospect of more monetary policy easing from central banks across the world has strengthened the precious metal’s longer-term investment case.

We believe the stars are aligning for the next stage of the gold bull market. This, in our view, will likely see the previous all-time highs taken out and the price push beyond US$2000 an ounce over the next three years. Investors would do well to have some gold exposure in their portfolios.

Overall, we see the foundations being in place for the next leg of the bull market in gold, and for the golden years to continue for a while yet. If we are right, gold exposure will form a valuable component of an investor’s portfolio.