Money Manager: Gold to Remain Best Safe Haven in Next Decade

While the dollar may be the major beneficiary of Europe’s debt crisis for now, gold will remain the top safe haven in the long run, says Jerry Castellini, president of CastleArk Management.

That’s because loose fiscal and monetary policy will hurt both the dollar and the euro, he maintains.

“Over the next five to 10 years, the likelihood of currency debasement in the United States, Europe and other places is much higher than it has been at any time over the last 30 years,” he told CNBC. (more)