Gold: The more things change, the more they remain the same
“As such, gold is a good thing to have. Like America’s polarised political system, investors either love gold or hate gold despite gaining 25 percent in 2020. It comes down to trust. The case for owning stocks is based on low interest rates and zero inflation. We believe the inevitable pickup in inflation will fuel interest in gold, a classic inflation hedge. Gold for thousands of years has provided monetary stability as a tool of wealth preservation and for most of its years, a worldwide reserve for money, as a hedge against currency debasement.”
USAGOLD note: Ing puts together a lengthy but well-reasoned look at the current financial markets mix along with plenty of historical context and comes away with the conclusion that ‘the dollar is not forever’ … Countries and investors, he says, are looking for alternatives.
Image courtesy of Visual Capitalist
Repost from 2-11-2021
