One last thought: For gold to truly be a safe haven, one has to believe that if the world ends, it will become the means of exchange once more. I’d still argue for owning canned food and bottled water before an inert lump of metal. Plus, if you own gold through any financial instrument (ie. don’t just have it tucked under your bed), you’ll do well to exercise your claim to ownership in the aftermath of some kind of apocalypse…
Ben Kumar is investment manager at 7IM
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