Nobel prize winner Shiller urges stock market investors to exercise caution

MarketWatch/Shawn Langlois/10-26-2020

‘No one knows the future, but given the general lack of investor confidence amid a pandemic and political polarization, there is a chance that a negative, self-fulfilling prophecy will flourish. This highlights the importance of being well diversified in asset classes — including Treasury securities, which are safe — and not overexposed to U.S. equities now.’ – Robert Shiller

USAGOLD note: Of course, if you are among those who fail to see the merit of owning a long-term bond that promises to lose money in real terms, a diversification in gold might make some sense with respect to Shiller’s straightforward warning. Those are the circumstances, by the way, that have prompted a good many professional money managers to look in gold’s direction.

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