Investors are shifting back into gold. It looks like a smart move.
Barron’s/Randall W. Forsyth
“Gold is insurance. Insurance isn’t supposed to make you rich; it’s supposed to keep you from being poor. The best thing to happen is your insurance never pays off because nothing bad happens. Hope for the best, but better to prepare for the worst. A nice rock can help.”
USAGOLD note: Here at USAGOLD, we have advocated gold as portfolio insurance for nearly 50 years. What is different now from times past is that funds, institutions and central banks – as Forsyth points out in this article – also see the value of this nice rock in the battle to preserve assets during uncertain times.
Repost from 1-29-2020