Gold is ‘very attractive’ in the current environment: Investor
“George Cheveley of Investec Asset Management says gold has performed ‘amazingly well’ considering the strength of the U.S. dollar. He also discusses the role of gold as a safe haven asset.”
USAGOLD note: Cheveley sees gold going to $1350. . .and higher. . .One questioner tries to trip him up with a pointed question about gold not drawing any yield. He responds by saying many global yields are below zero and therefore no yield is better than a negative yield. To which we would add: Does it make sense to refrain from investing in real estate or fine art or a high-tech IPO because it does not produce a yield?
Repost from 5-8-2019