Tag Archives: Facing down our fears

Short & Sweet

Facing down our investment fears
Courage comes from a strategy you can genuinely believe in

graphci image of sheep standing atop each other to face down wolf

“As markets shake off their summer slumbers,” writes London-based analyst Bill Blain, “what should we be worrying about? Lots..! From real vs transitory inflation arguments, the long-term economic consequences of Covid, the future for Central Banking unable to unravel its Gordian knot of monetary experimentation, and the prospects for rising political instability in the US and Europe.”

Facing down your investment fears can only come from a strategy you can genuinely believe in. One of the great quotes on gold ownership came many years ago from Richard Russell, the now-deceased editor of the Dow Theory Letters. “I still sleep better at night,” he wrote, “knowing that I hold some gold. If or when everything else falls apart, gold will still be unquestioned wealth.” It is not a complicated strategy, but it is an effective one.

Though rarely discussed, gold ownership has as much to do with personal philosophy and how we wish to conduct our lives as it does finance and economics. In many ways, it is a rational portfolio decision that suits the times, but it is also a lifestyle decision that provides some peace of mind no matter what happens with the pandemic, the mania on Wall Street, or the political maneuvering in Washington D.C.


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