Worldwide Financial Planning

Warren Buffett once said to picture all the gold in the world shaped into a cube (it's 20m per side). So, two telephone poles on top of each other and the same width and depth to make a cube. That’s it.

Communication from the Fed following this week’s decision shows its priority has shifted from bringing down inflation to strengthening the economy, at least in the short term, causing the dollar to weaken slightly. Still, Powell cautioned against expecting aggressive cuts in 2026.

Today, with gold prices brushing record highs, many are asking the question again: should I own some? Or is it just an expensive ornament from a world which no longer exists?

Japanese stocks fell at the start of the week as a stronger yen affected some large exporters, however, the broad market recovered over the course of the week. Markets now see one or two additional rate hikes in 2026 following a widely expected hike this month and more aggressive rate hikes are something to be aware of.

For more than a decade, talk of "peak gold" has oozed itself out through analyst briefings and mining reports. It has never been an apocalypse story rather, more a long, dry fading - mines running leaner, new discoveries dwindling, the easy gold is gone.

Despite more volatility in technology stocks, poor economic news from the US and growing speculation that the Federal Reserve is becoming much more open to cutting interest rates meant investors had reasons to be grateful as the US celebrates its Thanksgiving holiday.