Given the current situation with government bonds (low yield, risk of interest rate increases) I was wondering what you would say about a precious metal / gold ETF?
In my opinion they should be somehow inversely correlated to the equities: in a time of crisis precious metals tend to appreciate. Otherwise it represents some stable value.
I was looking for instance at this one: https://www.justetf.com/ch/etf-profile.html?assetClass=class-preciousMetals&groupField=none&sortField=ter&sortOrder=asc&from=search&isin=CH0106027128
I see a “relatively” low TER (considering it is also CHF hedged).
What do you guys think, could such an ETF be an alternative for diversification / risk mitigation in place of the traditional bonds?