Is Gold Still the Best Hedge Against Inflation and Instability?

Published on
February 16th, 2022
Duration
66 minutes

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Is Gold Still the Best Hedge Against Inflation and Instability?

The Essential Conversation ·
Featuring George Milling-Stanley and Rick Rule

Published on: February 16th, 2022 • Duration: 66 minutes

Richard Nixon may have canceled convertibility into U.S. dollars more than 50 years ago, but gold’s viability has endured over thousands of years. George Milling-Stanley makes the case for the yellow metal as the perfect asset to hedge against inflation and geopolitical tension. Apart from its store-of-value attributes, gold offers many uses, from jewelry to dentistry to electronic devices such as computers and cell phones. In an interview with Rick Rule, CEO of Rule Investment Media, Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, shares his investing principles and details the rationale for a strategic, long-term allocation to the yellow metal as well as the reasoning for use of short-term tactical overlays. When Nixon “closed the gold window,” he initiated the era of fiat currency, with the U.S. dollar at the center of the global economy. As Milling-Stanley and Rule discuss, the U.S. dollar’s status as the world’s reserve currency may be in jeopardy. Milling-Stanley explains recent price action, risk factors, and the best vehicles for exposure. Recorded on Feb 14, 2022.