Friends With Money #18: Why gold is as valuable as ever for your portfolio

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The threat of rising inflation, faltering Chinese property markets, and doubts about any economic recovery in a COVID-19 world mean that interest in gold as a safe-haven for Aussie investors is gleaming once again.

Gold can be held directly or more conveniently through shares in mining companies, managed funds or themed ETFs. But why does gold remain useful in a diversified portfolio?

And is cryptocurrency used as a defensive asset taking some of the shine off gold's reputation?

friends with money podcast gold

In this episode of the Friends With Money podcast, senior journalist David Thornton is joined by well-known businessman and successful investor Mark Bouris, who shares his thoughts on gold as an investment, addresses the volatility in markets today, and also provides some valuable insights into portfolio diversification.

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

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David Thornton was a journalist at Money from September 2019 to November 2021. He previously worked at Your Money, covering market news as producer of Trading Day Live. Before that, he covered business and finance news at The Constant Investor. David holds a Masters of International Relations from the University of Melbourne.

Mark Bouris is the founder of Wizard Home Loans, Australia's second largest non-bank mortgage lender, which he sold in 2004. He is now the executive chairman of Yellow Brick Road. Mark is committed to sharing the insights and knowledge of Australia's leading business minds through the Mentored Platform, which helps small business owners and entrepreneurs come together, grow, and succeed. He holds an Honorary Doctorate of Business from the University of New South Wales and an Honorary Doctorate of Letters degree from Western Sydney University.