2010-Style Crisis Approaches: Prepare For Flight To Safety

A debt-crisis similar to what Europe saw in 2010-2012 looms on the horizon, and investors should position their portfolio with risk-off assets, this according to Will Rhind, CEO of GraniteShares.
“This time, out of nowhere, it feels like Italy is the latest drama to play out,” Rhind told Kitco News, “I don’t think it’s another Brexit type situation, but I think it’s much more like 2010, 2012, where you have more volatility, threats of countries potentially leaving the Euro, threats of contagion.”
Rhind noted that Italy is unlikely to leave the European Union and that threats of contagion should not spread beyond the current stage.
Higher volatility is needed for investors to be interested in flight-to-quality assets, like gold, he said. (show less)

A debt-crisis similar to what Europe saw in 2010-2012 looms on the horizon, and investors should position their portfolio with risk-off assets, this according to Will Rhind, CEO of GraniteShares.
“This time, out of nowhere, it feels like Italy is the latest drama to play out,” Rhind told Kitco News, “I don’t think it’s another Brexit type situation, but I think it’s much more like 2010, 2012, where you have more volatility, threats of countries potentially ... (read more)

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.