“Gold has a negative correlation to stocks in really bad extreme states,” he says. It’s also “one of the scarcest and most resilient elements on the periodic table. . . . It doesn’t rust, it doesn’t rot, and it doesn’t fade like a business or a regime.” In a world of man-made instability, he argues (unfashionably) that gold adds “natural” resilience to his all-weather portfolio, helping to ensure that he can survive those unexpected dips. After all, companies may die, but gold endures.
