Expect "global uncertainty" to be present "on a permanent basis," says Michael Yoshikami
Commodities have struggled given the sluggish recovery of emerging market industrial consumption. That demand as it stands today is tepid at best. Oil will likely rebound but that rise will be capped by sluggish global GDP.
Gold is a hedge against volatility as well as inflation, and we believe will be in demand as an investable asset. We continue to maintain a price target of $1,900 on
gold over the course of the next 2 years. Remember that this asset is a way to hedge against global uncertainty which I expect to be present on a permanent basis.
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