Why does this writer hate some forms of investing in gold, but love others? The rationale is even more simple than you may think.
Likewise, gold ETFs do little to fix the problem of uncertainty. In the event of a crisis, these funds could very well be unable to deliver the gold they owe to investors – in fact, many believe that precious metals ETFs are already operating on good will and lack the physical gold that they purport to have.
For Willard, gold is all about certainty, so investing in the metal should serve as a hedge against the long-term risks of currency devaluation and other forms of central bank disruption, not bring more risks to a portfolio.
Looking towards the future, Willard believes that gold prices will hit $2,000 per ounce sometime in the next decade. Furthermore, he expects the Fed to formally enter an easing cycle again in the next few months, which could act as a tipping point for a 20-30% spike in gold prices, if not higher.
Is the dollar's dominance in jeopardy? Could other currencies achieve reserve currency status? Find out here.