STORY: Yang said the safe-haven asset is a “really good asset to have in your total portfolio,” as it’s slowly making a comeback.
“It’s up over 20% year to date. Central banks are buying it and we’ve seen the ETF retail holders come back in, especially here in the U.S. with investors that have been avoiding gold for quite a while because there were other asset classes to invest in that were paying higher yield. But now with kind of the increasing geopolitical tension that’s still out there and a poor economic future outlook, I think people are once again starting to look at gold as a good diversifier and investment opportunity.”