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Bridgewater/Research & Insights
“In brief: in a world of ongoing pressure for policymakers across the globe to print and spend, zero interest rates, tectonic shifts in where global power lies, and conflict, gold has a unique role in protecting portfolios. The move we’ve seen in gold this year is quite modest relative to what we’ve seen in past reflationary periods, and given still depressed levels of activity globally, the need to keep reflationary policies in place will persist for some time. While gold offers no known yield, no known yield can be quite attractive when the yields on other assets are known to be terrible.”
USAGOLD note: There are many ways to take a stake in the gold market but the best approach, particularly when you take into consideration analyses like this one from Bridgewater, is to own the metal itself in the forms of coins or bullion and have it stored nearby or in a safe, segregated (even fully allocated) depository account in your name. The full report is highly recommended at the link. Bridgewater, as many of you already know, is headed up by Ray Dalio, a vocal advocate of gold ownership.
Repost from 10-4-2020
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