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Real Investment Advice/Lance Roberts/3-12-2020
“We highly suspect that we have seen the highs for the year. Most likely, we are moving into an environment where portfolio management will be more tactical in nature, versus buying and holding. In other words, it is quite probable that ‘passive investing’ will give way to ‘active management.’”
USAGOLD note: A change from passive investing to active management, in our view, would likely resurrect the tried and true notion that owning gold in the form of coins and bullion as a long-term portfolio hedge makes a great deal of sense in uncertain and volatile times. Money managed by individuals is much more cautious and prudent than that governed by machines. We will see in the weeks and months ahead whether or not the spell has been broken……