Billionaire Switching To Gold

Discussion in 'Commodities Forum' started by longtermbull, May 1, 2018.

  1. longtermbull

    longtermbull Administrator Staff Member

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  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    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).
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    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 :)
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Thinking about it, surely a switch of that size could actually move markets and become a self fulfilling prophecy?
     
  5. kirtimeliwal

    kirtimeliwal Senior Investor

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    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.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    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.
     
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