World’s ultra-wealthy go for gold amid stimulus bonanza
Reuters/Brenna Hughes Neghaiwi, and Simon Jessop
“As stock markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks’ cash splurge.”
USAGOLD note: There was a time when gold was considered a marginal choice on Wall Street. Over the past several years, it has become increasingly mainstream with a good many fund managers and investment advisors consistently touting it as a necessary inclusion in the well-balanced investment portfolio.
Repost from 6-20-2020