Gold Shouldn't Be Seen as 'Purely Safe Asset,' JPMorgan AM Says

John Bilton, JPMorgan Asset Management’s global head of multi-asset strategy, discusses gold’s rise to close to $4,000 an ounce and its role in investment holdings. “It does a job in a portfolio,” Bilton says, “hedging against inflation fears and currency debasement. But at the end of the day, it’s not a replacement for your stock of Treasuries.” (Source: Bloomberg)

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