The number of coronavirus cases in the United States has eclipsed five million and the U.S. economy is mired in its deepest recession since the end of World War II. To combat the crisis, Congress passed the largest fiscal stimulus package in history and is in the later stages of negotiating another round. Preliminary estimates put the total price tag of already enacted stimulus somewhere in the neighborhood of $6 trillion dollars.

That’s twelve zeros.

In response to this unprecedented fiscal stimulus, investors have turned to perceived “safe havens”, specifically gold, to hedge their portfolios against the prospect of runaway inflation. But does history support this belief? And what should advisors be thinking about for client portfolios? Read more here.