September 2020 - Edward Coyne, Senior Managing Director, Global Sales, Sprott Asset Management, joins Ima Casanova, Deputy Portfolio Manager, Gold Strategy, VanEck, to discuss the gold market with Asset TV's Jenna Dagenhart.
As gold hits new all-time highs and rises above $2,000 an ounce for the first time ever, Sprott and VanEck evaluate what's driving this safe-haven asset's outperformance. Sprott's Ed Coyne and VanEck's Ima Casanova look at fundamentals, evaluate equities and share their outlooks.
Ed Coyne: "We're starting to see more investors not just looking at gold, but looking at alternative strategies in general, that perform differently, and that allow them to stay invested in the market. All too often investors think about gold simply as gold versus stocks, or gold versus the S&P 500. It should be gold and the S&P 500. Gold allows you to stay invested in the market over full market cycles, because a portion of your assets are allocated to something that performs differently and provides protection.
"Although the market has rebounded quite nicely because there is so much liquidity, there's really no other alternative for that capital, but you're also seeing gold continue to climb as people join the ride. Investors are putting on a safety belt, and gold is that safety belt, and that's what we're seeing right now in the broader markets."
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