Email of the day - on gold's fair value
Comment of the Day

January 08 2020

Commentary by Eoin Treacy

Email of the day - on gold's fair value

Thank you for the interesting article about golds "fair" value. I remember many many years ago David once mentioned that somebody he respects mentioned that the fair value of a certain British gold coin is a dinner for two at Claridges in London. Unfortunately, I do not remember which coin it was.

Eoin Treacy's view

Thank you for this reminder. I believe the coin in question is a gold sovereign which currently retails for £294. By that measure it would difficult to conclude gold is overvalued, particularly if the diners wish to have a glass of wine with their dinner.   

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