BlackRock’s Evy Hambro Defends Gold Valuation Amid Market Scrutiny
BlackRock's Evy Hambro challenged conventional assessments of gold's valuation by shifting focus from headline prices to purchasing power. In a Bloomberg Television interview, the Global Head of Thematic and Sector Investing revealed internal analyses suggesting the metal retains greater value than spot prices indicate.
The commentary arrives as investors increasingly scrutinize alternative stores of value, including cryptocurrencies. While Hambro's analysis centered on gold, the underlying methodology—evaluating assets through purchasing-power lenses rather than nominal pricing—carries implications for digital assets competing in the same macro portfolio allocation buckets.