“I think those two things especially will contribute to gold being a strong performer over the next several years. This is something that’s going to last for a little while, certainly.” Looking more specifically at inflation in 2021, Lichtenfeld said he thinks it will be “significantly stronger than anybody really is talking about.” He explained, “There’s just a lot of money sloshing around, chasing a limited supply of goods and services — and so that has to raise prices. Gold is typically viewed as a good hedge against inflation, but what else can investors do to create an inflation-proof portfolio? Lichtenfeld recommended looking at value stocks.