‘Gold is becoming everything to everybody’
“It’s a bit like what happened to big tech. People like it because it’s defensive. People like it because it’s a reflation trade. People like it because it’s inflation protection. What we are starting to see with the narrative about gold is starting to be like the narrative about big tech. It gives you everything.”
USAGOLD note: The highly-respected Mohammed El-Erian addresses a subject we have broached many times on this page – gold’s widening Renaissance as a financial asset.
Repost from 8-16-2020