Gold is a ‘no-brainer’ in Rosenberg’s bear case portfolio

BNN Bloomberg/Divya Balji

Image of the word "FED" with a gold coin in the background“‘Gold is a place you want to be. I think that it’s partly because it’s inversely correlated with interest rates. But it’s also an insurance policy when things go wrong,’ he said. ‘There’s no such thing as a no-brainer, but this is close.’”

USAGOLD note:  David Rosenberg was chief economist at Gluskin Sheff & Associates when he became a well-known market analyst. Now he heads his own advisory firm.  In this article, in which he cites the need for gold as a portfolio asset, he also warns about the Fed’s end game, i.e., the “magical money tree.”

Repost from 1-23-2020

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