Few assets stir as much debate and controversy as gold. While some financial giants, such as Warren Buffett, dismiss it for its lack of “utility value”, others, such as Ray Dalio, advocate for its inclusion in portfolios as a hedge against economic uncertainty.

Despite the ongoing discourse, most superannuation funds seem to be overlooking the potential benefits of gold, which surged to a record high of $US2400 ($3754) an ounce in April, in their investment strategies.