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Path Trading Partners chief market strategist and Futures Edge podcast co-host Bobby Iaccino joins Wealth host Brad Smith to discuss why now is the optimal time to invest in gold (GC=F).
Iaccino notes that gold has continued to outperform for two years straight. He emphasizes, "The issue is that there are three regimes that are possible right now in the overall economy, and that's stagflation, recession, and reflation."
He adds that "gold can perform well in all three of those," pointing out that we are currently in a period of reflation.
While right now is a good time to invest in gold since it acts as an inflation hedge, Iaccino warns that when the Federal Reserve starts to fight inflation again, it will be "too late" because "that's when the so-called 'inflation hedge' that a lot of people think gold is starts to expire."
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This post was written by Angel Smith