As one of the most erudite investors in the world, Soros knows that long term gold remains a safe haven as shown in academic research and history including recent history since the financial crisis began.
Soros understands gold’s value as a diversification and as a store of wealth unlike some of the more sensationalist elements of the online financial media who reported Soros’ comments with a very anti gold bias.
People from all over the world who had euro deposits in banks in Cyprus have realised gold’s importance as a diversification and a hedge against counter party and systemic risk.
Japanese people who own gold today are realising gold’s importance as a diversification and a hedge against currency devaluation.
Global diversification remains fundamentally important for savers and investors internationally and will protect from inflation, currency devaluation and confiscation in the coming years.
Read the complete article at Resource Investor here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.