Carmignac's Saint-Georges: Why gold should be in portfolios heading into 2018

In his outlook for 2018, Didier Saint-Georges, managing director at Carmignac, explains why investors should invest in gold as most other assets have the potential to be highly correlated if and when a market correction happens.

Economic analysis has been of little help predicting markets over the past ten years as central banks' interventions heavily distorted market prices, blatantly disconnecting them from economic reality. In 2018, the reduction in liquidity supply by the same central banks should make economic predictions meaningful for markets once again. In the meantime, the world has changed and economic analysis might well prove misleading again. One challenge is quantifying digital growth. This is unquestionably creating value, yet the traditional tools used by economists are inadequate to measur...