Gold, Bitcoin and diversification

By Tom Bradley

My colleague, Craig Basinger, recently posted a piece about gold and bitcoin. As regular readers know, I’ve not had much use for either asset class, mainly because they don’t produce a cash flow that can be valued. Their prices are driven by investor sentiment and everchanging narratives.

Craig is also valuation-driven but is more constructive on gold as a portfolio diversifier. He also provides his perspective on Bitcoin and its unique performance and volatility characteristics. If you want to feed your inner gold bug, give Craig’s piece a read. It’s well done as always.