Do you see any diversification benefits of gold in a portfolio?
Nouriel Roubini : The question always with gold has
never been black and white on whether you want to have gold in your
portfolio. The issue with gold is always, Do you want to be market
weight, overweight or underweight? In our view, in the past, there were
reasons you wanted to be overweight. But now there are these five
reasons to be underweight. It is because the gold prices are more likely
to fall rather than rise.