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2025-10-31 00:45:16
[Harbor Capital: Inflation Risks Remain, Possibly a Reason to Sell Bonds and Buy Gold] As Federal Reserve Chairman Jerome Powell pointed out, inflation risks remain, which could be a reason to sell bonds and buy gold. "You still need to hold gold as a diversification tool…because inflation risks remain above multi-year levels," said Jake Schurmeier of Harbor Capital, adding that "inflation is the worst thing for bonds." He cited potential inflation drivers including "Federal Reserve credibility issues and excessive cyclical fiscal stimulus." Schurmeier has increased his holdings in equities, particularly small-cap stocks, in anticipation of a recovery in economic activity. Schurmeier also stated that, at the same time, a weaker dollar makes non-US assets more attractive.
