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Robert Cohen of 1832 Asset Management sees many reasons to hold on to gold


The Globe and Mail
Adam Mayers
Published April 15, 2021
MicroStockHub/iStockPhoto / Getty Images
As government spending continues to increase and rock-bottom interest rates create inflationary bubbles for assets like real estate, investors looking to gold for safety have not been rewarded.
With the first quarter of 2021 in the history books, gold, which usually shines in times of uncertainty, is down more than 6 per cent year-to-date, as measured by the TSX Global Gold Index. That’s something few would have expected.
There are plenty of pundits speculating on where gold will go next, but Robert Cohen, vice president and portfolio manager at 1832 Asset Management LP in Toronto, says a better question is: How much gold do you want as a long-term portfolio anchor? ....

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