Pay attention to precious metals
“If you don’t own gold…there is no sensible reason other than you don’t know history or you don’t know the economics of it…“
Ray Dalio, Founder of Bridgewater
In Dalio’s opinion, and my own, a precious metals strategy is essential in any optimal portfolio.
Examples of different strategies and their histories are given below.
Let’s just look at gold. The long term investment potential is significant and the recent pick up in momentum has only just brought it off historical lows.
It has outperformed the S&P 500 by more than 25% over 11 months since the beginning of October last year.
It has recently made new all time highs in Euros.