There is no better safe haven asset to preserve wealth with against the dangers of global “imbalances” and that is why prominent investors are taking notice of gold, said Frank Holmes, CEO of U.S. Global Investors.
Paul Tudor Jones of Tudor Investment Corp. joins the ranks of Jeffrey Gundlach of DoubleLine Capital and Ray Dalio of Bridgewater Associates in being bullish on the yellow metal.
“There is an imbalance between fiscal and monetary policies, so real interest rate issues from Europe to Japan to here, and then we have the tariff war that’s taking place. Those imbalances are going back to the 20s and 30s and so how will they unfold is unknown, so always go to gold because it’s the best form of insurance that is portable and that is liquid,” Holmes told Kitco News.
Holmes added that gold’s recent rally isn’t just due to speculation.
“It’s long-term capital coming into the market. I believe [these investors] are trying to talk about a form of monetary insurance that they think is necessary and prudent. It’s not a 100% bet, it’s not a leveraged bet, but the thought process is ‘I better have exposure to this asset class because of the imbalances globally between monetary and fiscal policies,’” he said.
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