Incoming equity correction gives gold new urgency as insurance asset

Gold market analyst George Milling-Stanley has warned that near record high equity markets should be taken as a signal to take steps to insure investment portfolios in the face of an upcoming messy equity correction.

The head of global investment says Federal Reserve actions are stimulating momentum in equity markets but aren’t sustainable in the long term, particularly in the face of a global economy showing signs of slowing. Market volatility is growing, making gold an ever attractive investment.

Gold prices hit a four month low this week, making Milling-Stanley’s comments particularly timely for savvy investors as it’s a better time than ever to invest in gold as a portfolio insurance policy before prices rise again. The analyst said, “This market rally has already lasted 10 years and at some point investors should start to think about how much longer this can go. The longer this equity rally lasts the messier the eventual correction will be… This is a very good time for people to get a little bit more defensive and use gold to reserve the wealth they have made in equities.”