Gold and superannuation

This short article addresses five key questions related to superannuation and investing in gold. It is a topic of growing interest given the already vast pool of superannuation money in Australia and how important superannuation is as a financial asset for most Australians. Employees are required by law to put 9.5% of their salary into a superannuation fund every year. Do Australian superfunds invest in gold? Australian superfunds can and do have some gold exposure, though it is typically very minimal. June 2019 statistics from the Association of Superannuation Funds of Australia (ASFA) and the Australian Prudential Regulation Authority (APRA) suggest that only 2% of Australia’s superannuation monies are invested in ‘other’ assets, of which gold is just one. Whilst there is no exact figure, it is likely that less than 0.1% of all Australian superannuation assets are currently invested in gold. How has gold performed versus superannuation funds? Since the turn of the century, the gold price has risen from under AUD 450 per ounce to more than AUD 2,000 per ounce, with an annualised return over the 20 years to end June...

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