Message: 30% gold exposure to institutions
Frank Holmes: "When Inflation Erupts, Gold Will Take Off"
FH: Over the next two years gold will be well over a $1,000, maybe running up to $2,000. The number-one Asian analyst, Chris Wood, is advocating a 30% gold exposure to institutions. Now, this is the number-one brokerage firm in Asia and their research is excellent.
TGR: What’s the name of the firm?
FH: CLSA-Asia Pacific Markets. It recommends a portfolio allocation of 30% gold:15% gold bullion and 15% unhedged gold stocks. When an analyst of his stature advises putting 30% of your portfolio into gold, you have to take note. We tell our clients to put a maximum of 5% into bullion and no more than 5% toward gold equities.
TGR: Doug Casey’s latest missive rounded it up to 30% too.
FH: The significance here is that the institutional side is getting on board with gold. That’s a big deal.
TGR: Because the gold market is so small compared to the market caps these institutions deal with, even a small change in percentage would make a huge difference.
http://news.goldseek.com/GoldSeek/12...
CLSA is one of Asia’s largest independent equity brokers and one of the world’s largest agency brokers. The group’s investment banking and equity capital markets services include M&A advisory, equity transactions and public offerings. Alternative asset management is offered through nine Asia-based funds under CLSA Capital Partners.
Loading...
Loading...
New Message
Please
login
to post a reply