Kevin O’Leary, chairman of O’Shares ETFs and star of Shark Tank, said that the digitization of America is here to stay, even if the economy opens up again.O’Leary has sold off his commercial real estate holdings to redeploy capital into the technology, healthcare, and consumer service sectors.On gold, O’Leary sees the metal as a hedge against inflation, and contrary to what some analysts think, it will not be replaced by bitcoin anytime soon.
Outlook 20212020 was an unprecedented year as investors had to navigate the economic-crippling COVID-19 pandemic and massive fiscal and monetary stimulus measures that have followed as a result. 2020 saw gold prices rise to new all-time highs above $2,000. For many analysts the 2020 rally is just the start of a much bigger move for precious metals. The world now has to deal with the massive liquidity flowing through markets; in this environment investors are expected to turn to assets to protect against global currency debasement. We expect that 2021 will be the year investors Brace for Inflation.
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