I’ve been making the case for gold for a long time but I got nervous today watching CNBC and seeing Jim Cramer frothing about gold. He has long talked about holding 10% of your portfolio in gold, and that potion (based on almost any timeline) has now beaten the S&P 500.
The thesis for gold is increasingly crystalized by the simple question: What’s safer, the US dollar or gold?
Enormous deficits, political dysfunction and geopolitical antagonization make that question an easy one to answer.
Ken Griffin really touched on that point last week and yesterday, Ray Dalio echoed it.
if you were to look at just from the strategic asset allocation mix
perspective, you would probably have as the optimal mix something like
15% of your portfolio in gold,” he said at the Greenwich Economic Forum.
