Money For the Rest of Us

Is It Too Late to Invest in Gold? with Max Belmont - FEG Insight Bridge

Apr 2, 2025
Max Belmont, a seasoned portfolio manager specializing in gold at First Eagle Investments, joins Greg Dowling, Chief Investment Officer at FEG Investment Advisors. They discuss gold's appeal as a hedge against inflation, contrasting it with digital assets like Bitcoin. The conversation highlights gold’s historical significance, its role as a safe haven during economic turmoil, and strategies for incorporating it into investment portfolios. They also touch on the growing demand for gold amid rising global tensions, underscoring its enduring value.
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INSIGHT

Gold's Safe Haven Status

  • Gold's value as a safe haven stems from its stable supply and inert properties.
  • Its scarcity and resistance to degradation preserve its value over millennia.
INSIGHT

Gold's Non-Cyclical Nature

  • Gold's inertness makes it insensitive to business cycles, unlike industrial commodities.
  • This non-productive aspect is what makes it useful for portfolio diversification.
INSIGHT

Gold vs. Money

  • Gold, unlike money, is an asset without counterparty risk and shouldn't generate cash flow.
  • Storing gold incurs costs, but its value lies in its permanence and scarcity.
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