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David Rosenberg, the chief economist and strategist at Gluskin Sheff + Associates, tells BNN gold equities and corporate debt offer the best value in the current environment.
"Corporate bonds have actually cheapened up during the summer even more than the stock market has," Rosenberg says.
Rosenberg also believes gold equities provide a better hedge against global financial volatility than the bullion itself.
"There has only been one other time historically where the gold mining stocks have lagged this far behind the actual bullion price."