Very interesting article and worth a read. These people are not billionaires by chance:- https://www.msn.com/en-gb/money/new...-crash/ar-AAwzT6o?li=AAnZ9Ug&ocid=mailsignout
Very interesting strategy. I am typically 5%, perhaps 10% gold at the most at any one time. I prefer to make a number of different smaller bets, but of course I'm no billionaire. I'm never sure enough of any one thing to have 50% (or even 25% of my money in it - with the possible exception of cash for limited time periods) of my money in any one investment. I remember John Paulson making a big bet on gold a few years back that didn't pan out (pardon the pun).
Brave call to switch so much money into one commodity - however, with all of the worldwide turmoil I see very little downside for gold at this level. There is certainly more upside than downside, in my view
Thinking about it, surely a switch of that size could actually move markets and become a self fulfilling prophecy?
Switching to gold is a very good idea because it is very good for long term investment and should be a part of your diversified investment portfolio.
However, I am not sure I would switch 50% of my money into gold! Brave call but then again I dont think there is much downside in the price of gold.
I think with markets relatively high there is an argument for at least a partial switch into gold. Markets are bound to fall back at some point - look at the UK, benefitting from a weak currency because of Brexit. You could not make it up
When you consider we are in the middle of a huge economic crisis I would be interested to learn why gold is no longer seen by many as a safe haven? The price has not increased by anywhere near the degree I would have expected. Is the US dollar now seen as the main safe haven?