Apr 25, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals
Gold investors are forgetting that a return to 2011 highs would imply an "end of the world" scenario where all risk assets are plummeting, said Peter Hug, global trading director of Kitco Metals.
A balanced investor who has only 10% of his portfolio in gold would not want to see the rest of his assets fall for only 10% of his holdings to gain.
"It's only returns on the 10%, the other 90% is going to get hammered, it makes no sense," Hug told Kitco News. "You're wishing for the end of the world so 10% of your assets appreciate. There's no logic to that."