Monty Guild, founder and chief investment officer at Los Angeles-based Guild Investment Management, plans to sell stocks and add to his gold holdings once the “liquidity-driven rallies” end.
“Gold has been a fixture in our portfolios as an insurance policy and as an investment vehicle,” he wrote in client note. “To us, it is a foregone certainty that another banking crisis will arise because the European, U.S., and Japanese banking problems have been papered over — but are far from solved.
Guild’s firm owns gold bullion ETFs, gold mining ETFs, precious metals stocks and foreign currencies.
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