A former institutional trader at Goldman Sachs believes the market is bracing for increased volatility – making a defensive portfolio, and by extension gold, an absolute must.

Jason Urban, now CEO of DrawBridge Lending classifies current market conditions as being worse than those experienced in the recession of 2008. Urban says that the widespread changes forced on society as a result of the pandemic, including mass unemployment which has in turn impacted consumer spending habits, are here to stay. In that environment, he strongly advocates for gold, alluding to its long standing appeal as a safe haven asset. He calls it the best defence against volatility.

He explains, “2008 was a banking crisis. It was concentrated in a handful of people. Now you’re seeing a broader crisis. In 2008, people were worried about losing their homes, or their second homes, or their third homes, or things of that nature. Now, you have people that don’t know necessarily if the stimulus check doesn’t come, where their next meal is coming from. That kind of fear changes behaviours across everything.”

Urban says gold is a traditional hedge against inflation with low volatility. He cites the upcoming election, post-COVID uncertainty and global eco-political situation as compelling reasons to hold gold as a store of wealth.

Act quickly. Buy now.

This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge