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Nov 18, 2019 10:48 NY TimeKitco 10AM Silver Fix
| Silver | 16.97 | +0.04 |
| Platinum | 892.00 | +4.00 |
| Palladium | 1705.00 | +19.00 |
| Rhodium | 5450.00 | 0.00 |
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(Kitco, Mon. Nov.18th, 2017) – The amount of gold to hold in a portfolio that optimizes an investor’s risk/return profile is much higher than what most would hold, this according to Ryan Giannotto, director of research at GraniteShares.
“We have found that the efficient level, the optimized level, was 35% gold. Not saying you should own 35% gold, that’s an individual decision, but it challenges the conventional wisdom of what pertains to gold and how to use it,” Giannotto told Kitco News.
Additionally, gold serves as an excellent hedge instrument as its performance is independent of other financial assets, Giannotto noted.
“Gold’s correlation to the market, or indeed any other economic force, is essentially zero,” he said. What this means is that gold is a complete and perfect hedge and has no, “counter – party risk” when you own it. As the saying goes, “ you can’t make gold, but you CAN make dollars, and they’ve made way too many of them ” further, if the gold standard for dollar value were reinstated today, gold would be at $5,000/ per ounce.
There are three primary uses of gold in a portfolio, according to Giannotto: to hedge against interest rates, to use as a store of wealth, and moderate and diversify investments.
“Those three together are very powerful,” he added.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com