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Someone else suggesting gold as an investment is Ray Dalio, who runs the world's largest hedge fund. As part of a portfolio, it helps because it's a largely unc
by DennisP 7y ago
Someone else suggesting gold as an investment is Ray Dalio, who runs the world's largest hedge fund. As part of a portfolio, it helps because it's a largely uncorrelated asset that tends to do well when everything else is crashing.
Of course, if you're doing that you're probably going to buying GLD or IAU, which closely track the spot price of gold. Or maybe you'll use an outfit like BullionVault, which has a spread comparable to large stocks, nowhere near 30%.
- notyourday 7y ago> Or maybe you'll use an outfit like BullionVault, which has a spread comparable to large stocks, nowhere near 30%. Which does not provide delivery of the gold bars.
- DiogenesKynikos 7y agoIn a negative-interest-rate environment, gold is also more attractive, since 0% interest is better than -X% interest.