also:
This also explains the recent surge in interest in gold ETFs. “Morgan Stanley’s Chief Investment Officer, Mike Wilson, is the key figure advocating for the 60/20/20 portfolio with 20% allocated to gold. This marks a major shift from the traditional 60/40 equity-bond model.” So 60% stocks, 20% bonds, 20% gold.
I would never own that much Gold in a portfolio. I have roughly 60% in equities, 30% in real estate and 10% in fixed income. For me, real estate has proven to be a suitable inflation hedge.
20% is a lot ! I had 20% but sold back to 15%, which is still a lot (but I think there’s a lot of risk out there to US sovereign debt over the long term_
True that !! Especially if we don’t stop spending…..
I think the reason you don’t hear about DOGE is they were shaving the yak with a pair of tweezers. The debt is so great I think we’re going to default, AT LEAST nominally… pay the Treasury debt off with monopoly money.
Gold and Silver seem to be way overvalued right now. But Silver is a better deal compared to historical ratios of Gold/Silver.
Generally, it seems like the thing that “everyone is doing” winds up blowing up in the end. Will Gold and Silver ever be worth nothing? Of course not. But you make your money when you buy, not when you sell.