Two years ago this month, the billionaire hedge fund manager said that gold was his favorite trade in the next 12 to 24 months due to geopolitical disruptions, among other factors.
It was a good call.
“If say, ‘We’re on the path, things are good,’ then I would just go all in on the inflation trades.
Jones’s comments come just a few weeks after fellow billionaire hedge fund guru Ray Dalio surprised investors by saying he’d rather own Bitcoin than government bonds.
Like Jones, Dalio has traditionally been a fan of gold, and as of Bridgewater’s most recent filing, his fund had a $277 million position in SPDR Gold Shares .
I think both Paul Tudor Jones and Ray Dalio are right to allocate funds to gold as well as its digital cousin Bitcoin.
I’ll show you why in a moment, but for now, there shouldn’t be any question that inflation is here, transitory or not.
As a result, prices received by producers for finished goods and services rose at the fastest pace on record last month.
Stocks have so far shrugged off higher inflation, but it’s important to recognize that rising consumer prices are often a self-fulfilling prophecy, regardless of the Fed’s actions.
When combined at a 20% weight with the Bloomberg All Metals Index, Mike’s metals-cryptos 80/20 index has been very competitive against and ended the period higher than the Nasdaq-100.
Beta is a measure of the volatility, or systematic risk, of a security or portfolio in comparison to the market as a whole.
Global Investors in 1989 and became the firm’s chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S.