Newscasts - 'Gold should have a place in people's portfolio,' advisor says

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_5tkk5124&referenceId=tag:reuters.com,2024:newsml_RW751227092024RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Jason Browne, president at Alexis Investment Partners, says "gold tends to be kind of the arbiter" among global banks and serves as a tool against inflation, policy errors, and disruptions in global currencies. Short Link: https://refini.tv/3BkYi7X Video Transcript: So, when it comes to gold, the reason it's the biggest part of our portfolio, still, again, in around 7% position, it's more the role in the portfolio than being exceptionally bullish on gold. Gold’s obviously unestablished uptrend, and historically, those uptrends tend to last for a while. But the reason we bought it was there's a lot of potential tailwinds, mostly because it's not just the Fed here that's trying to figure out how to unwind its tight policy. But it's the global balances that we're concerned about with respect to obviously the actions that we take in terms of our Fed here, what happens in Japan, what happens in Europe. And gold tends to be kind of the arbiter between all of those things. So, it creates both a tool in case of inflation were to reassert itself, in case of any policy errors, in case just of disruptions in any of the global currencies and imbalances and so forth. It tends to be a place that people turn to. I know there's also the bitcoin thing and so forth, we've kind of avoided that. It's just too volatile from our perspective. Gold has a very different character in terms of its stability and potential store value. And we just think while we're working through this period of uncertainty, all the geopolitical risks, everything else, it's just natural that gold should have a place in people's portfolio, and it's probably still under owned.