Partner Content by Merian Global Investors

Is gold a commodity or money?

Gold is best seen not as a commodity but as non-political money that comes to the fore when money issued by governments begins to look tarnished, according to Ned Naylor-Leyland, manager of the Merian Gold & Silver Fund.

'This is a Merian Investment Paid Post. The news and editorial staff of the Financial Times had no role in its preparation'