OTCPK:ICPVF - Post by User
Comment by
borne2runon Mar 23, 2020 9:08pm
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Post# 30840061
RE:RE:RE:RE:RE:RE:Alternative strategy for the week
RE:RE:RE:RE:RE:RE:Alternative strategy for the weekGold is also a hedge against systemic risk - one of the reasons that all (yup, all) billionaires own gold. Most equity fund managers do not understand gold. However, there are a number of wall street analysts / strategists who understand gold very well - e.g. Art Cashin, Peter Boockvar, ....
With the exception of the U.S. dollar (reserve status), the price of gold is at or near all time in every other currency.