- The extraordinary amount of intervention in the capital markets has brought the risk and uncertainty to record levels.
- It also made predicting political decisions more important than understanding business fundamentals.
- The risk for the existing financial system is also hovering near all-time highs, which supports the case for holding gold.
- Holding less popular and high-quality businesses, in addition to gold and cash, has been the bedrock of my investment strategy.
For further details see:
The Global Irrational Exuberance And My Cautious Positioning To Address It