Part 5/9:
The conversation also examines changing market dynamics, such as the recent volatility driven by algorithmic trading and passive investment strategies. Grandich warns that financial advisors and investors must not view the market through an outdated lens, given that the trading landscape has drastically transformed over the years.
The Resilient Gold Market
As the conversation shifts to gold, Grandich's perspective remains optimistic despite acknowledging potential short-term corrections. He asserts that the physical demand for gold differs from past market surges, emphasizing the large-scale repatriation of gold by central banks around the world. Grandich believes the unique characteristics of today’s gold market indicate a long-term bullish outlook.