For many investors, gold remains an anomaly because it produces no cash flow, pays no dividend, and resists conventional valuation models. However, for Jeff Sarti, CEO of Morton Wealth, that’s precisely the point. “Gold is not an investment — it’s savings,” Sarti said in an interview with Kitco News. “Over the long run, the purpose of gold is as a store of value.” Sarti’s firm has been managing a gold position since 2015, and while gold’s parabolic rally at the start of the year created a lot of excitement in the marketplace, he said the move made him nervous. He explained that the yellow metal’s true role is being ... (full story)