Over recent years, we’ve written a number of articles about precious metals, advocating that investors should consider an allocation to this asset class.
The basis for that recommendation is that our current predicament – itself the result of the combination of globalization, technological innovation, and perhaps most importantly demographics – is leading central banks to go further and further down the path of unconventional monetary policies.
Such policies are already testing the limits of credit markets worldwide, with about $13 trillion in negative-yielding bonds currently outstanding. Going forward, such distortions to credit markets and the