Gold Not Part of Wall Street’s Playbook and That’s a Good Thing, Says SWP's Mark Yaxley
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Gold Not Part of Wall Street’s Playbook and That’s a Good Thing, Says SWP's Mark Yaxley
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"Gold is not part of the Wall Street playbook," and that's a good thing right now, asserts Mark Yaxley, Managing Director at Strategic Wealth Preservation. Gold acting as a hedge against all other investments and existing out on its own, "is a good thing for investors right now," he tells our Daniela Cambone. "Be patient and let [gold and silver] do their job, they will come through in the end," Yaxley advises precious metal investors. "We are in a very severe market correction, and gold and silver tend to explode toward the upside of a market correction," so look to expect a similar situation soon, he continues. Yaxley concludes that the biggest risk associated with storing your precious metals, "is government overreach, from a political risk standpoint."