Protectionist policies emerging from governments around the world will see less globalization and more investments into gold, this according to Doug Groh, portfolio manager at Tocqueville Asset Management. “We’ve benefited over the last 25 years from globalization and I think as a result of that we’ve seen investors find other opportunities in the world. The world may become a little bit smaller in terms of opportunities and I think gold benefits from that if investors are cut off from other parts of the market on a global basis,” Groh told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek. On gold, Groh said that his own portfolio is overweight the yellow metal now, as higher interest rates may push the economy into a recession and prompt investors to flock to safe haven assets.
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