Gold is the hedge against economic and geopolitical risks that can’t be diversified any other way
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Gold GC00 has topped $5,000 an ounce. Now what? Because at $5,000, the story stops being about a higher gold price and starts being about what markets are hedging against.
I wrote in mid-November that gold prices above $4,000 will open the door to $5,000. But with gold now at that milestone, investors need to consider a different issue: not the price at which gold trades — but the price at which it’s being held.
Opinion: Gold’s rise above $5,000 shows why it should be in every investor’s portfolio
Outside the Box
Gold is the hedge against economic and geopolitical risks that can’t be diversified any other way
Published:
Gold GC00 has topped $5,000 an ounce. Now what? Because at $5,000, the story stops being about a higher gold price and starts being about what markets are hedging against.
I wrote in mid-November that gold prices above $4,000 will open the door to $5,000. But with gold now at that milestone, investors need to consider a different issue: not the price at which gold trades — but the price at which it’s being held.
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