BlackRock is getting worried! They say the answer to inflation is 'cash' ?!?!? Thank You Mr Bankster for the terrible advice!

Article on Kitco:

Russ Koesterich, portfolio manager for BlackRock's Global Allocation Fund, recently gave an interview with Bloomberg in which he is said that the precious metal’s ability to hedge against inflation has been “somewhat exaggerated.”

“While it is a reasonable store of value over the very long-term - think centuries - it is less reliable across most investment horizons,” he said in the interview.

He went on to add, "Absent a strong view on a declining dollar, I would own less gold, and for those investors still looking for a hedge, one word: cash."