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Bloomberg/Jack Farchy, Nishant Kumar and Ranjeetha Pakiam/5-17-2020
“Money printing by central banks and vast state stimulus packages are rekindling interest in one of the oldest stores of wealth.”
USAGOLD note: Bloomberg gives this article prominence on its entry page this morning. Though the focus is on inflation, hedge fund luminaries are likely worried about more than just runaway inflation amidst the market and economic turmoil in which we now find ourselves. Disinflation, deflation, stagflation and hyperinflation are all being prominently bandied about as possible endgame scenarios. Gold’s enduring strength is its versatility as a portfolio hedge. It has proven itself to be a worthy safeguard against each of those outcomes at one time or another in the course of modern economic history.