Hedging Sovereign Debt Default with Gold

Published on
September 26th, 2019
Duration
12 minutes

Hedging Sovereign Debt Default with Gold

Gold ·
Featuring Egon von Greyerz

Published on: September 26th, 2019 • Duration: 12 minutes

Egon von Greyerz, managing partner at Matterhorn Asset Management, argues that when an investor wants to buy gold, that decision should not be influenced by gold’s price. Rather, it should be influenced by the metal’s fundamental attributes. Because of the risk presented by historical levels of debt globally, von Greyerz argues that gold is the ultimate portfolio hedge. This clip is excerpted from a video published on Real Vision on January 20, 2017 entitled “Gold in Uncertain Times.”

Comments

Transcript

  • DH
    Dale H.
    1 October 2019 @ 01:41
    I can tell you, even after investing in gold since 2002, it is very difficult to ignore the downdrafts in the price of gold. Today gold dropped some $28 like a stone; only later did I find out that it was because the markets were closed in China for Golden Week so the Fed wanted to hammer the price without the Chinese swooping in to gobble up more gold. In 2017 gold had 5 drops of $50+, with 2 $100 drops. In 2018, it had 4 $50 drops, including one $125 drop. In 2019, this is the second $50+ drop. I just keep my eyes on the horizon - after 2024.