Gold Trumps Treasuries for Fund Manager Sarti Amid Inflation Fears
A top fund manager at Morton Wealth has advised investors to prioritize gold over U.S. Treasury bonds, citing its role as an insurance policy against inflation and economic uncertainty.
Jeff Sarti, CEO of Morton Wealth, made the comments in an interview with Kitco News, stating that he would choose gold without hesitation when weighing purchases against 10-year bond investments.
Sarti argued that investors misstep by drawing a direct comparison between gold and Treasury bonds, noting that while bonds produce income, gold fulfills a distinct function within a portfolio as insurance against inflation, currency fluctuations, and erosion of trust in U.S. fiscal policy.
The remarks came after the Federal Reserve raised interest rates by 25 basis points to a range of 3.75% to 4.00%, with Sarti stating that while the Fed is headed in the right direction, he questions whether additional modest hikes will suffice to materially shift the inflation outlook.