Gold is a better bet than Treasurys to weather the market storm, says BlackRock strategist

Gold hit another record high above $3,200 on Friday — and is a better way to protect against the ongoing market turmoil than Treasury bills, a BlackRock executive said. Wei Li, global chief investment strategist at the asset manager, wrote in a LinkedIn post on Thursday that higher exchange rates and "currency down" were abnormal. "Also not normal — risk off, #dollar and Treasuries down. I will keep saying it: #gold is a better diversifier than Treasuries in this environment of high debt."Fears over the lo ...