Gold is a unique asset: monetary but lacking counterparty risk, with its liquidity much more easily available than that in other high-value physical assets. John Hathaway, an elder statesman in the metals investment field, thinks that exposure to gold should be a part of everyone’s portfolio. This is not because he predicts a coming monetary apocalypse, but for far more present reasons. In this interview, he explains his short- and long-term outlook as well as the structural forces arguing for gold ownership.
Octavian Report: What’s your thesis on gold generally and what are your short- and long-term outlooks?
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John Hathaway co-manages the Tocqueville Gold Fund and is widely considered to be a leading voice on the subject of gold and precious metals.