The fed is printing money like crazy — click on the link below and watch the whole interview.
Transcription of Finance News Network Interview with JAC Capital Advisors Partner, Jim Rickards at The Gold Investment Symposium in Sydney.
Here is a key graph…
Lelde Smits: If you’re as bullish as you say you are, what percentage of a portfolio do you believe investors should devote to gold?
Jim Rickards: I recommend for the conservative investor 10 per cent and for the aggressive investor 20 per cent. A lot of people are surprised at that. They say, ‘You know Jim, if you’re so bullish on gold, why not more, why not 50 per cent or more?’. The answer is, you don’t want to be too much in any one thing. No matter what your view is, there are certain risks associated with over concentration. And, there are other asset classes you can be in to protect your wealth. One of them is raw land, fine art, other precious metals, and you should have some cash.
People are surprised to hear me say that, they say, ‘Boy, Jim you’re the guy who says that these currencies are going to collapse, why would you have cash?’ You might not have it for long, but you might have it for the short run to preserve wealth and it gives you optionality. When you get a little more of it, when you have cash, and you get more visibility you can pivot into these other asset classes. So, I like a diversified portfolio of gold, silver, land, fine art and cash, and I think that will serve you very well.
The interview and video are here.
Full transcript … At link above.
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