US Investing Championship hopeful Evan Buenger raked in a 131.9% return through August. He shares the distinct spin he's putting on a classic trading strategy that's led to his outsize returns
Some are seeking to diversify their portfolios, find a haven in rocky markets, and hedge against a weaker dollar, inflation due to government spending, or deflation due to a global economic slowdown, he said. Others want to escape cash and bonds in the face of rock-bottom interest rates, cut their exposure to corporate bankruptcies and loan defaults, and tap into robust emerging-market demand, he continued.
Supply drivers also support higher prices, Kaplan said. Falling ore grades and yields, fewer explorers striking gold, rising production costs, shrinking inventories, and jurisdictional risks are creating a "perfect storm in gold."
The Fed's money printing has only just begun. There is plenty of debasement for the US dollar left to go, putting a further shine on gold.
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