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Why the ‚??Barbarous Relic‚?? Should NOT Be in Your Portfolio

The economist John Maynard Keynes once famously dismissed gold as a ‚??barbarous relic.‚?Ě

Keynes was actually referring to the gold standard.

But his inflammatory description reflected his heartfelt sentiment about gold.

Nevertheless, gold has maintained its unique status as both a commodity and a store of monetary value.

Gold is the ultimate safe-haven investment when the stock and bond markets head south.

Everything that is bearish for stocks ‚?? political instability, inflationary fears, a falling dollar ‚?? tends to be very bullish for the yellow metal.

All three of these factors helped propel gold prices to one of its greatest runs ever.

Read more about the wisdom of investing in gold right now at Eagle Daily Investor.

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Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

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