Gold – all that glitters and all that. Gold is a emotional hedge. It has value only by dint of popularity. It does not pay a dividend and has a very chequed performance record outside of a crisis. Our portfolios are broadly based and hold some mining companies. There could be a spike in their share price if gold goes up however since these companies are very broad in terms of their activities they should not suffer as critically as pure gold when the economy returns to normal.