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U.S. Bank Wealth Management has cemented its pro-gold position and underlined just how advantageous the precious metal is in the current environment with life (and the economy) nowhere near back to normal.

Senior investment strategist Rob Hawthorne says that gold has really emerged as an attractive asset and with the economy still on unstable ground, the current environment really favours the precious metal.

He said, “The challenge for us is the high frequency data has flattened out a bit, so if we look at travelling, whether it’s the TSA data, we look at open tables, who’s dining in restaurants, the improvements are starting to flatten out. So we’re not, in my opinion, back to pre-COVID levels of activity overall… There’re an awful lot of risks to get through. One, we don’t yet have fiscal stimulus this side of the pond https://southafrica-ed.com/. Two, we need to get through the back to school season. Gold’s getting attractive at this point, especially with the equities decline. The primary purpose of it is to provide some downside protection relative to our equities positions.”

Hawthorne’s comments echo what most other investment experts have been saying – that all market conditions favour gold, both now as economies struggle to get to grips with the pandemic and in the future, when inflation must rise to offset the huge amount of money being pumped out in the form of stimulus packages.

Traditionally a safe haven, gold is now shining even brighter. Act quickly and buy now to safeguard your portfolio.

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