Gold should always be part of your portfolio, reckons this financial adviser and author...
GOLD PORTFOLIO allocations have been slashed by many money managers in 2013.
That's helped pull the price much lower, down more than 25% for US Dollar investors.
But does this mean you should stop investing in this metal, or sell gold from your portfolio?
Not so fast, says John Graves, an independent financial adviser and author with over $500 million under management at The Renaissance Group, LLC, which now runs $2.2bn in total for its clients.
Guesting here on New York Markets Live, John Graves speaks to Miguel Perez-Santalla – vice-president at BullionVault in New York – about gold, silver, and their role in smart investing portfolios.
"Investors should hold 5 to 8% of their portfolio in gold," he concludes.
The Renaissance Group's John Graves also talks about oil fracking, and how this is a significant new source of energy for the United States. He discusses how investors' portfolios can participate, and what he believes the best options are.
Hear the full 30-minute show now...