FTAdvisor/Darius McDermott/2-6-2023

“The word ‘incongruous’ comes to mind when I try to describe what it was like investing in gold last year. The yellow metal was one of the few to produce a positive return (1.3 per cent), but this was comfortably below expectations as inflation, rate hikes, falling demand in China and a strong dollar all put pressure on what is often seen as the safe haven asset in an uncertain economic environment.”

USAGOLD note: This Financial Times advisory goes  on to offer very strong arguments for adding gold to your portfolio in 2023. Of special note: “Corporate earnings downgrades in many sectors may also drive volatility and push investors towards gold as a safe haven.”