“Buying Gold Is Just Buying A Put Against The Idiocy Of The Political Cycle. It’s That Simple!”

From Kyle Bass comes this nugget:

“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”

 

 

1 Comment

  1. It is a seductive defense, though, in this very volatile moment in history. Probably better than the mattress, definitely more reliable than government instruments, and is a necessary fall-back position for a good portion of the portfolio.

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