Gold is surging to records this year. With prices above $4,000 an ounce, how much should you have in your portfolio? We asked the pros to weigh in.
The gold rally is one of the biggest stories in markets this year.
The precious metal surged past $4,000 per ounce for the first time this week, but with the latest records, it’s natural to wonder how much you should be holding in your portfolio.
Gold’s reputation as an inflation hedge and a hedge against wider macro and geopolitical risks has made it attractive to investors this year. In an unusual twist, the price of the metal has risen alongside stocks, which are also near record highs.
In July, hedge fund legeng Ray Dalio said that investors should allocate roughly 15% of their portfolios for either gold or bitcoin. Investing professionals speaking with Business Insider said that’s probably a sensible allocation.
“We think investors should hold at least 15% of their portfolio in gold as a replacement for other fixed income assets”, David Miller, CIO of Catalyst Funds and the portfolio manager of Strategy Shares Gold Enhanced Yield ETF, said.
