**Bullion Bank Says Gold over Bonds for Next 5 Years
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Housekeeping: Good Morning.
“The reset is a process, not an event”
Topic:
* Bullion Bank Says Gold over Bonds for Next 5 Years
Analysis: Gold over Bonds for Next 5 Years
Following the failure of U.S. bonds to hedge equity downside and rising borrowing costs, Goldman Sachs notes investors are reevaluating long-term portfolio hedges.
Two conclusions emerge from their analysis:
First, gold and oil historically reduce risk and tail losses over 5+ years by hedging inflation shocks—gold against fiscal and monetary…
The skinny
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