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mberg News: Gold Is a ‘No-Brainer,’ in Rosenberg’s Bear-Case Portfolio

Article by Divya Balji in Bloomberg News

Shelter in gold, bet on emerging markets and buy “bonds in drag.”

So says David Rosenberg who believes an economic slowdown is on its way despite enduring job gains, easing trade tensions between the U.S. and China, and record-breaking stock markets in North America.

“If things are so great, why did the Fed have to cut rates last year?” he said in an interview at Bloomberg’s Toronto office. “If things are so great, why did the Fed have to embark on QE4, that we’re not supposed to call QE4?”

“Last year, was like, just throw a dart,” he said. “Right now, it’s indiscriminate buying. Investing isn’t supposed to be like that. Investing isn’t supposed to be easy.”

The Debate Over Whether to Call It QE Is Over, and the Fed Lost.

“Gold is a place you want to be. I think that it’s partly because it’s inversely correlated with interest rates. But it’s also an insurance policy when things go wrong,” he said. “There’s no such thing as a no-brainer, but this is close.”

To read this article in its entirety, click here.

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.