Gold — An Unloved Asset That’s On Our Radar
Gold is not getting much press, having held its own since its decline in the first half of 2013. We believe that there are reasons for intelligent investors to continue to hold gold in their portfolios. Emerging market countries, especially China, may continue to accumulate gold reserves as they try to reduce the financial hegemony of the United States and its allies. Some observers believe that the first signs of inflation may be appearing in rising base metal prices. And many intelligent observers recognize that a day of reckoning is coming eventually, when the piper will need to be paid after years of unprecedented experimental monetary policy by the world’s central banks. In the event of such a future crisis, gold will be what it has always been: a last resort and safe haven.
