Lane Generational managing partner and founder Fred Lane stressed the importance of investing in 'real assets' and explained why people are looking at gold as a safe haven.
FOX Business' Cheryl Casone reports on the latest inflation data, which showed another jaw-dropping figure as the war between Russia and Ukraine sent oil and gas prices spiraling higher in March.
"I also think we’ve had such fiat currency debasement globally that I think people are looking at gold as a safe haven," Lane said. "We certainly see it as a safe haven." "We think the price is depressed frankly because of the impact of paper gold," he continued. "We think that will reverse itself." Lane added that he doesn’t view gold, particularly gold miners and gold streamers, which he argued is a "much more leveraged way to play gold," as "just defensive assets."Lane predicted gold will hit $2,500 an ounce one year from now.
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