TP: Gold setting the right standard for solid investment in difficult trading times
Recent weeks and months have seen the decimation of many Irish investors’ life savings. This has been due to very poor financial advice from vested interests and so-called ‘wealth managers’, as well as a failure on the part of many analysts, commentators and sections of the media to acknowledge and properly evaluate local and global macro-economic risk.
For too long we have paid lip service to diversification while private investors ‘bet the house’ on property and individual shares, and life assurance companies and pension providers remained massively overweight equities.
The same ‘analysts’ who failed to warn investors of the severe over-valuation of the Iseq and Irish bank shares are now touting US individual and bank shares as the new Holy Grail of investing.
