The Only Way To Invest Defensively; Macro Red Flags Are Flashing
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(Kitco News) – When markets are in turmoil, there are only a few trustworthy assets to turn to for protection, this according to Mike Philbrick, portfolio manager of ReSolve Asset Management.
“[Gold] is a very different asset class that responds differently to economic regimes that manifest very often, but when they do manifest, boy, you better have some of these assets in there like long-duration treasuries and like gold because they’re the only thing that structurally will perform,” Philbrick told Kitco News on the sidelines of the Inside ETFs Canada conference in Montreal.