From Fox Business News:
With fears about the U.S. economy looming, “The New Case for Gold” Author James Rickards weighed in on Donald Trump’s comments about a potential recession.
“There is a lot of social science research that says monkeys do better than economists at predicting because monkeys don’t know what they’re doing; they are 50% right, economists herd and are wrong most of the time. The Fed has never predicted a recession, we’ve had many. So don’t listen to economists, listen to executives. Trump may or may not be right but I’d rather listen to an executive than an economist,” Rickards told the FOX Business Network’s Maria Bartiromo.
With these concerns about the economic outlook, Rickards explains why gold is particularly important to include in investors’ portfolios.
“I recommend 10% of your investable assets. If I am wrong and gold does nothing you won’t get hurt with 10%, but…