In this must-watch clip from our recent Real Conversations, “The New Great Depression: Winners & Losers in a Post-Pandemic World,” Hedgeye CEO Keith McCullough answers a question on investing in Gold by saying, “I think people have belief systems, and it’s really hard to overlay a data-driven risk management system like mine with a belief system, because they want to believe just one thing.”
Bestselling author/investor James Rickards follows up by explaining why there’s no problem with the difference in investing styles. “I talk to Hedge Funds who do trade paper Gold, by and large, and it’s a position you get in and out of, I get it. It’s what a lot of people do, including some of your clients Keith.”