Gold bullions are displayed at GoldSilver Central’s office in Singapore on June 19, 2017.
- Gold has cooled after a big run as the stock market rebounded, but it could reach as high as the $5,000 level, according to Van Eck's David Schassler.
- Hedge fund icon David Einhorn said this week he is bullish on gold.
- Bitcoin has remained in rally mode, but there are new ways to take some of the risk out of crypto volatility using ETFs.
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has cooled after a year-long rally that sent the commodity to a gain of 35%, but even with stocks in rebound mode, the market hedge has room to move higher, according to David Schassler, head of multi-asset solutions at fund manager Van Eck.
"I couldn't imagine a better backdrop for gold," said Schassler on this week's C온라인카지노사이트
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The U.S. government has "huge debt, huge spending and huge chaos" Schassler said, adding that he doesn't see that changing anytime soon.
Hedge fund icon David Einhorn of Greenlight Capital on C온라인카지노사이트's "Closing Bell" in an appearance Wednesday from the Sohn Investment Conference. "There's a bipartisan agreement to do nothing about the deficit until we get to the next crisis," he said.
Einhorn is long gold and said he thinks it could reach $5,000 in 2026.
Money Report
Schaasler also called for the price of gold to hit $5,000 next year.
Schassler is also bullish on the market's newer hedge, crypto, and sees the two asset classes moving in the same direction. "Bitcoin is the risky cousin of gold" he said.
While it is subject to big swings in sentiment and can trade in tandem with a risk-off move in stocks, is up about 60% in the last year, and in contrast to gold's recent dip, bitcoin is up 10% over the last month.
There are new tools from the ETF industry investors may want to consider to capture upside in bitcoin while limiting risk, according to VettaFi head of research Todd Rosenbluth. "I'm impressed with what's happening in the options-based world with ETFs," he said about crypto ETFs with built-in protection on this week's "ETF Edge."
The use of options to limit volatility in returns has , but Rosenbluth also recommends investors consider ETFs like the Calamos Bitcoin 80 Series Structured Alt Protection ETF (). There is an upside cap, but if the underlying assets fall more than 20%, an investor's maximum loss stops there.
