Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Commodities

<div class="content-highlight">Safe-haven dollars are unlikely to flow into cryptocurrency</div><hr>With their meteoric price rises in 2017, cryptocurrencies garnered the attention of even the most unsophisticated investors, and applications beyond the blockchain were explored. Amid the growing hype, some even floated the idea that cryptocurrency could one day replace gold as one of the world's most widely accepted investment assets. After all, the prospect of replacing physical mining that requires heavy machinery, deep tunnels, and chemical pools with computers running code is enticing.If cryptocurrency were to displace gold's investment case, the implications for gold prices would be devastating: 40% of gold demand relates to investment, so a shift in investment from gold to cryptocurrency would be a seismic shock. Not only would nearly half of existing gold demand evaporate, but all inventory already held for investment would probably re-enter the market as supply, further crippling prices.In this report, we provide a framework to grade the viability of various asset classes as safe havens. Through this framework, we conclude that cryptocurrency does not and will not challenge gold as a safe-haven asset class. Accordingly, we see some value across our gold coverage, with <a href="https://www.smartkarma.com/entities/21025" target="_blank" data-smartkarma-citation="entities:21025:1">Goldcorp Inc (GG US)</a> standing out as a unique long opportunity.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/060/602/original/img%201.JPG?1534300068" class="editor-image img-responsive" data-smartkarma-image-id="60602"></figure>Analyst: Kristoffer Inton

Safe-haven dollars are unlikely to flow into cryptocurrencyWith their meteoric price rises in 2017, cryptocurrencies garnered the attention of even the most unsophisticated investors, and applications beyond the blockchain were explored. Amid the growing hype, some even floated the idea that cryptocurrency could one day replace gold as one of the world's most widely accepted investment assets. After all, the prospect of replacing physical mining that requires heavy machinery, deep tunnels, and chemical pools with computers running code is enticing.If cryptocurrency were to displace gold's investment case, the implications for gold prices would be devastating: 40% of gold demand relates to investment, so a shift in investment from gold to cryptocurrency would be a seismic shock. Not only would nearly half of existing gold demand evaporate, but all inventory already held for investment would probably re-enter the market as supply, further crippling prices.In this report, we provide a framework to grade the viability of various asset classes as safe havens. Through this framework, we conclude that cryptocurrency does not and will not challenge gold as a safe-haven asset class. Accordingly, we see some value across our gold coverage, with Goldcorp Inc (GG US) standing out as a unique long opportunity.Analyst: Kristoffer Inton

Cryptocurrency Poses No Threat to Gold's Investment Case