Gold Is Set Up for a Longer-Term, Fundamental Portfolio Position

U.S. equity markets have been in a solid uptrend, while gold has been in a relative range to lower. Will Rhind, CEO of World Gold Trust Services tells TheStreet's Jill Malandrino there has been a breakdown over the past few years of the inverse correlation gold has with the U.S. dollar. Rhind believes gold fundamentals are intact, there is good global demand and central banks are continuing to buy, and this could be an opportune time for more investor participation. As interest rate hikes have been moved further along in the calendar, and even if there is 0.25% hike, Rhind does not really see major risk in owning some gold because nominal interest rates are low and real rates are even negative.