A time-tested store of value, the yellow metal is also pretty and useful.
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Featuring George Milling-Stanley and Rick Rule
Feb 16, 2022 • 65 minutes
Richard Nixon may have canceled convertibility into U.S. dollars more than 50 years ago, but gold’s viability has endured over thousands of years. George Milling-Stanley makes the case for the yellow metal as the perfect asset to hedge against inflation and geopolitical tension. Apart from its store-of-value attributes, gold offers many uses, from jewelry to dentistry to electronic devices such as computers and cell phones. In an interview with Rick Rule, CEO of Rule Investment Media, Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, shares his investing principles and details the rationale for a strategic, long-term allocation to the yellow metal as well as the reasoning for use of short-term tactical overlays. When Nixon “closed the gold window,” he initiated the era of fiat currency, with the U.S. dollar at the center of the global economy. As Milling-Stanley and Rule discuss, the U.S. dollar’s status as the world’s reserve currency may be in jeopardy. Milling-Stanley explains recent price action, risk factors, and the best vehicles for exposure. Recorded on Feb 14, 2022.
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The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.
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This content is reserved for the thousands of visionaries supporting the financial revolution. We'd love for you to join us. Interested?
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