Investment Update: Gold, an efficient hedge
Posted on 11/23/2020
The benefits of certain portfolio hedges came into clear focus during the 2008-2009 financial crisis and did so again during the subsequent European sovereign debt crisis, the 2018 December stock market pullback and the most recent COVID-19 pandemic.
Many tail hedges work well during crises if timed appropriately, but are technically complex investments, and can be expensive to hold systematically.