In light of the election of Donald Trump to president of the USA a number of experienced and extremely successful investors decided to reduce their exposure to gold. Historically gold is seen as a safe haven in times of trouble so, with many expecting the US stock market to push ahead, it made sense to reduce their exposure. Stanley Druckenmiller is one such extremely successful investor with a career taking in the likes of George Soros and his own company Duquesne Capital (closed down in 2010). So, Stanley Druckenmiller decides to return to gold – what were his reasons for doing so? Read full article
Gold is a very good option for investment as it is good for long term investment as value increases with time.
Historically gold tends to benefit from wars and international friction - however the last few years have been different. As @JR Ewing said its sensible to have some gold exposure as a hedge but a huge switch like this seems overly cautious in the extreme.
