{"id":6024,"date":"2015-02-26T06:37:17","date_gmt":"2015-02-26T11:37:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6024"},"modified":"2015-02-26T06:37:17","modified_gmt":"2015-02-26T11:37:17","slug":"12-reasons-why-ritholtz-and-many-experts-are-mistaken-on-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6024","title":{"rendered":"12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.goldcore.com\/us\/gold-blog\/12-reasons-ritholtz-many-experts-mistaken-gold\/\" target=\"_blank\">12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold<\/a><\/h3>\n<p>This\u00a0<b>lack of understanding<\/b>\u00a0is not confined to the public but also prevalent with some financial experts. One example of this is one of the more vocal anti gold experts in recent months \u2013 leading Bloomberg columnist\u00a0<b>Barry Ritholtz<\/b>.<\/p>\n<p>This lack of understanding results in many investors being very exposed and at risk of financial losses due to their significant over exposure to paper assets and fiat digital currencies and<b>\u00a0complete lack of any allocation to gold\u00a0<\/b>whatsoever.<\/p>\n<p>These experts are highly intelligent people. As are many in the public and yet the concept of diversifying and having an allocation to gold is utterly foreign to them.<\/p>\n<p>The public have little terms of reference except for movies such as\u00a0<b>Goldfinger\u00a0<\/b>and fairytales about\u00a0<b>Leprechauns<\/b>\u00a0and crocks of gold. Indeed, their primary reference point is often jewellery, wedding rings and of course the recent \u2018cash for gold\u2019 phenomenon.<\/p>\n<p>They have no understanding of the central role gold plays in macro-economics, geopolitics and of course monetarily.<\/p>\n<p>They have no knowledge of the fact that gold has protected people throughout\u00a0<b>history<\/b>from financial and economic crashes and from currency devaluations. The significant body of\u00a0<a href=\"http:\/\/info.goldcore.com\/gold-is-a-safe-haven-asset\"><b>academic research on gold\u00a0<\/b><\/a>showing it to be a hedging instrument and a safe haven asset is ignored and unknown.<\/p>\n<p>We find ourselves constantly confronted by the same set of ill-informed opinions on gold.<\/p>\n<p>Many of these misconceptions were encapsulated in a 2013 article by \u00a0Barry Ritholtz, with the peculiar title\u00a0<b>\u201c12 Rules of Goldbuggery\u201d<\/b>.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold This\u00a0lack of understanding\u00a0is not confined to the public but also prevalent with some financial experts. One example of this is one of the more vocal anti gold experts in recent months \u2013 leading Bloomberg columnist\u00a0Barry Ritholtz. This lack of understanding results in many investors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3786,951,355,374,3787,536,690,868],"class_list":["post-6024","post","type-post","status-publish","format-standard","hentry","category-economics","tag-barry-ritholtz","tag-currency","tag-geopolitics-2","tag-gold","tag-macroeconomics","tag-money","tag-risk","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6024"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6024\/revisions"}],"predecessor-version":[{"id":6025,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6024\/revisions\/6025"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}