THE FINANCIAL COMMUTE

Navigating Financial Turbulence & Inflation with Gold


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In this episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Managing Director of Investment Sasan Faiz to discuss Q3 and how investors can try to protect themselves in unpredictable market conditions.  

Q3 saw a struggling market with the S&P 500 down 3.2% and MSCI EAFE down 4%. Bonds have also faced challenges as they were down 3.2% for the quarter and 1.2% for the year. This is because higher interest rates have had a negative impact on equities and bonds. 

Sasan and Chris agree that investors should consider adding gold to their diversified portfolios to try shielding themselves against these volatile market conditions. Gold has historically maintained its value and is viewed as a hedge against inflation. Costco has been selling one-ounce gold bars online that sell out within hours even though members are limited to two per order, so demand has clearly been increasing as people realize inflation is rising and the dollar is depreciating.   

Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.

 

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THE FINANCIAL COMMUTEBy Chris Galeski