Investors should have up to 10% in this ‘hedge against the unexpected,’ says ‘Godfather’ of gold
“We all tend to focus on one thing, but there is a lot more to the equation. Some think gold is just an inflation hedge. In my view, gold is a hedge against the unexpected, whether it is a hedge against macroeconomics, or geopolitical like wars or pestilence. It has always been protection against the unexpected, whatever that might be. Gold tends to perform whenever anything unexpected happens.”
USAGOLD note: Reflections on gold’s safe-haven attributes from State Street Global Advisor’s George Milling-Stanley. We cited this interview in yesterday’s DMR and post the link again here for those who may have missed it.
Repost from 4-1-2020