{"id":39801,"date":"2026-02-25T10:42:57","date_gmt":"2026-02-25T10:42:57","guid":{"rendered":"https:\/\/greshamhouse.com\/ie\/?p=39801"},"modified":"2026-02-25T10:42:58","modified_gmt":"2026-02-25T10:42:58","slug":"precious-metals-valuation-and-tactical-rotation","status":"publish","type":"post","link":"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/","title":{"rendered":"Precious Metals: Valuation and Tactical Rotation"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>We have held gold in our multi-asset portfolio for many years despite not being \u201cgold bugs\u201d by any means. Our logic for holding gold was based on economic history. We view gold as insurance and as a store of value when confidence in fiat currencies and financial engineering wavers or collapses. <\/p>\n","protected":false},"author":48,"featured_media":34943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,12,14,264,267,274,307],"tags":[26,227,323],"class_list":["post-39801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-public-equity","category-type","category-news","category-category","category-market-updates","category-opinions","category-monthly-monitor","tag-news","tag-opinion","tag-monthly-monitor"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Precious Metals: Valuation and Tactical Rotation - Gresham House IE<\/title>\n<meta name=\"description\" content=\"We view gold as insurance and as a store of value when confidence in fiat currencies and financial engineering wavers or collapses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Precious Metals: Valuation and Tactical Rotation - Gresham House IE\" \/>\n<meta property=\"og:description\" content=\"We view gold as insurance and as a store of value when confidence in fiat currencies and financial engineering wavers or collapses.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/\" \/>\n<meta property=\"og:site_name\" content=\"Gresham House IE\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-25T10:42:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-25T10:42:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/greshamhouse.com\/ie\/wp-content\/uploads\/sites\/2\/2023\/09\/Equity-Fund-image-2560-x-858-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"858\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"nhammond\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nhammond\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/\"},\"author\":{\"name\":\"nhammond\",\"@id\":\"https:\/\/greshamhouse.com\/ie\/#\/schema\/person\/33cbb8c1c461e600c3c92997c0299d74\"},\"headline\":\"Precious Metals: Valuation and Tactical Rotation\",\"datePublished\":\"2026-02-25T10:42:57+00:00\",\"dateModified\":\"2026-02-25T10:42:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/\"},\"wordCount\":6,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/greshamhouse.com\/ie\/wp-content\/uploads\/sites\/2\/2023\/09\/Equity-Fund-image-2560-x-858-.jpg\",\"keywords\":[\"News\",\"Opinion\",\"Monthly Monitor\"],\"articleSection\":[\"Public Equity\",\"Type\",\"News\",\"Category\",\"Market updates\",\"Opinions\",\"Monthly Monitor\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/\",\"url\":\"https:\/\/greshamhouse.com\/ie\/news-media\/precious-metals-valuation-and-tactical-rotation\/\",\"name\":\"Precious Metals: Valuation and Tactical Rotation - 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