“GOLD.” That’s it; that’s the tweet Jared Dillian has published twice in the last couple days, as the yellow metal has surged more than 2%. A store of value (and a medium of exchange) for millennia, gold didn’t respond as inflation fears swelled during 2021. Now that the Consumer Price Index and the Producer Price Index are hitting multi-decade highs, though, alongside still-rising tension in Eastern Europe, it’s back in favor. Dillian, editor of The Daily Dirtnap, says 30% of his portfolio is made up of gold, silver, and precious-metals miners. And two weeks ago he tweeted, “I have a hunch that what’s coming next will make it feel like it’s not enough.” Dillian joins Real Vision Daily Briefing host Ash Bennington to talk about gold and why it remains a sound investment. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3GREEgR
Source: https://finance.yahoo.com/video/no-gold-gold-193300029.html