The editor-in-chief and chairman of the Forbes media empire, Steve Forbes has described gold as a must hold asset with the potential for prices to sharply rise if the government missteps in its economic rescue plan. He said, “The trillions of dollars being spent to save our virus-battered economy are stoking fears of inflation. Gold has always been a hedge against government’s economic blunders. If you’d put say $10,000 in the stock market a year ago, you have about $9,000 today. If you put that $10,000 in gold you have $13,500 today. That’s over $4,500. Since stocks reached their highs in February, gold has outperformed them by a good margin… Bottom line is putting money into gold is a great hedge against stupidity by our governments.”

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