Bloomberg/Merryn Somerset Webb/12-8-2022
“Then there are those who find this terrifyingly naïve, who believe that this year does not represent a blip, nor anything close to an ordinary business cycle. For them, the volatility in the stock markets is telling us the story of a huge structural change — one that is taking us back to a different kind of normal, one that might mean you need to forget everything you have learned about investing over the last 20 years.”
USAGOLD note: Another top-drawer analyst throws in the towel on traditional approaches to portfolio design. Webb is a long time advocate of including gold in one’s finances. She first recommended it at $320/oz in 2002.
