Maria Aspan
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think that's just so important for any kind of investment.
Like, don't buy into something just because you're looking into the rearview mirror and it's done really well in the past.
So I will start by telling you that the advice out there is all over the place.
The hedge fund billionaire Ray Dalio, who founded Bridgewater Associates, he's out there saying you should put as much as 15 percent of your portfolio in gold.
That is super aggressive compared to what most other advice is.
Some of the financial advisors I've talked to, like Katie, they say maybe none.
You know, they do not automatically include any gold in the portfolios that they create for clients.
And then Lee, he's kind of middle of the road.
As you heard, he thinks that gold is pretty overhyped these days.
But he has advised clients to buy into commodities as part of a more diversified portfolio.
And this is his general advice.
So less than 5%.
His advice is less than 5%.
And I should point out, that's, again, his general advice for investing in any one thing, whether it's gold, whether it's one particular stock.
So his advice is 5% is starting to be too much.
Yeah, I mean, and we've seen sort of silver and copper kind of mimic what's going on with gold.
So silver and copper have hit record highs also, but they're so much less expensive.
Like silver is trading at $80 per ounce versus $4,500 per ounce for gold.
That said, there are some more use cases for silver and copper in more industrial purposes than we see for gold.