When you hear the term gold bug, what often comes to mind is a “prepper” – someone making sure they have the physical metal in hand and a hard currency for the fallout from some capitalism-shattering event. Michael Batnick, director of resarch at Ritholtz Wealth Management, is not one of these folks. In fact, he’s not much of a gold bug. But on Monday, Batnick said that this week he will put 10% of his portfolio in the yellow metal, and he joins us now to talk about why.
Time to buy gold?