That’s right. Investors don’t need to own gold. Call him a contrarian or crazy even but John O’Connell’s experience in the investment business tells him that the precious metal or gold stocks or ETFs are not a good hedge against inflation nor against volatility. Gold has been hitting record highs but O’Connell doesn’t feel like he’s missing out. Here’s why.

Related stories: My Brief History with Gold.

Gold is a Foolish Place to Put Your Money If You Check the Facts