Since we're talking about gold, right?
And obviously it's in the news,
it's on people's minds.
What sort of environment does Sam
look to to invest in gold?
Is this it?
No,
it's
a great question.
You know,
earlier in the presentation,
I showed the strategies that we manage.
I think I neglected to mention that we have gold in just about every
strategy that you saw there.
So we have the
gold specific strategy,
but we think of it as an asset that belongs in a well
-diversified portfolio for just about any investor.
And
that is really the case,
no matter what's happening in the markets.
And I don't have to explain the direction
of gold to you and how prices move,
but
it could be difficult to time in the short term.
We have a good feeling that over time it will appreciate,
you know,
the purchasing power of the dollar has steadily declined over time.
And we strongly believe that that'll continue to be the case.
So we think gold has,
it obviously has a proven track record
of maintaining that purchasing power.
So for us, it's not something that we say, well,
you know,
we really like it more if inflation is high,
or we really like it more when,
you know,
geopolitical risk is higher.
Cause those, those things are,
pretty darn difficult to predict in the short term anyway.
So we don't really play that game.
We, we just look at it as this is
a great way to preserve purchasing power over the long run.
It's a great crisis hedge when the proverbial stuff hits the fan.
So we like it in all environments.
