With concerns of inflation, the founder and CEO of a holding company is shedding bank shares for commodities like gold and beef.
Bloomberg reports Ned Goodman, CEO of holding company Dundee Corp., is investing in industries set to benefit from an inflationary event. He’s not sure when inflation will rise, but he’s preparing for the incident.
“I’m more bullish on gold now than I’ve ever been.”
Goodman says he looks for investment opportunities that will gain over time and sees the agricultural industry as one that fits his strategy.
As the cattle herd is at its smallest in 60 years, one of the primary agricultural companies Goodman has targeted is the beef sector. His company is invested in specialty products including organic and wagyu beef.