By John Mauldin
Looking at the global economy today, you can’t help but notice several worrying developments.
On the one hand, we have currency devaluations and negative interest rate policies: on the other, slow-to-no economic growth in both developed and developing economies.
Even experienced investors don’t know what to make of today’s financial markets.
Given the ongoing turmoil and the potential fallout, where is your money safe? Here’s what investment legends James Grant and Grant Williams WMB +3.90% had to say at John Mauldin’s Strategic Investment Conference last month.
Cash Is Still King, but Gold Is a Timely Investment Today
In an interview at the 2016 Mauldin Economics Strategic Investment Conference, legendary investor James Grant noted, “Cash simply enables one to retain wealth, with an eye towards being opportunistic.”