The Case For $5,000 GoldRupert Hargreaves
“We believe that precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” said Goldman Sachs in a recent report on the dilemma of what investors should do about falling gold price . “They are neither a historic accident or a relic,” the report, titled “Fear And Wealth" continued.
Following the financial crisis, demand for gold skyrocketed as investors looked to protect themselves from the much-feared rampant inflation following QE that was about the grip the world. This inflation never materialized, and now that the Federal Reserve is beginning to wind down its asset buying . . .
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