Strategists see more upside to gold; silver a ‘credible’ alternative
Strategists now see the yellow metal as an effective portfolio diversifier and a hedge against inflation, geopolitical instability and currency depreciation
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TEN to 20 years ago, few strategists actively recommended an exposure to gold. Historically, gold suffered decades of price stagnation and did not pay an income.
Today, gold’s status as a strategic asset has staged a remarkable turnaround; its record performance last year appears to have only burnished its desirability.
Strategists now see the metal as an effective portfolio diversifier, a hedge not only against inflation and geopolitical instability, but also against currency depreciation.
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