Shifts speak for gold
Analyst Michael Fitzsimmons gives some ideas about how much gold should be in a well-balanced portfolio today. Whereas previously it was always necessary to hold around 5 percent of financial assets in gold, investors should now diversify more. This is not based on asset classes, but on their actual assets. Fitzsimmons explains that assets of less than $1 million should have at least 5 to 10 percent gold in their portfolio.
The analyst also assumes that assets will increase in the USA. But this will also make Americans in particular more vulnerable to a depreciating US dollar. Therefore, investors with more assets should hold larger gold shares. Fitzsimmons says that with assets of 2 million to 5 million US dollars, 15 percent to 20 percent should already be held in gold. At $10 million, Fitzsimmons says that 30 percent to 40 percent of the gold in the portfolio should already be in gold.
This greater diversification could include gold stocks in addition to a good base of physical gold. These have a higher investment risk. However, a higher return could also be generated if the price of gold remains strong or, as expected, continues to rise in the long term. This is because the gold in the ground would then be revalued and the valuation of fundamentally good gold companies would also increase.
Interesting companies with promising gold projects include Bluestone Resources and Filo Mining. Bluestone Resources owns the Cerro Blanco gold project in Guatemala, which has already scored excellent drill results.
Filo Mining, a member of the Lundin Group, is the sole owner of the Filo del Sol copper-gold property in Chile, located in an area with a number of mining operations.
Recent corporate news and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Filo Mining (https://www.resource-capital.ch/en/companies/filo-mining-corp/).
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