The Reasoning Behind Gold’s Breakout
Gold’s dramatic move above $1400 has caught the investment establishment by surprise. Physical gold ETFs, as a proxy for direct portfolio investment, amount to only 0.05% of the estimated $250 trillion of global investment values. As well as being badly wrong-footed, investment managers have little understanding of the role of gold as money, believing it to have no role in the monetary system. They will have to undergo a rapid re-education. This article addresses their common misconceptions.
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Kevin Massengill is an entrepreneur, investor, and award winning Fortune 500 senior executive with a track record of massive business growth.