“Citywire AAA-rated David Coombs has added gold to his multi-asset funds for the first time in seven years. . .
‘We are buying it because the UK is very vulnerable to recession. We bought this before the gilts sold off and we are loathed to buy long-duration gilts or index-linked bonds to help us mitigate economic risk. We feel that gold is a good diversifier for us.'”
USAGOLD note: Note that Coombs is buying gold as a recession hedge.