You buy gold or silver, or invest in stocks or bonds, because you want protect and grow your assets, so how is the best way to do make sure they don’t take you to the cleaners?
It’s called diversification, according to economist, columnist, radio host and international speaker Jerry Robinson, on his “Follow the Money Weekly” program.
He addressed the issues of choosing a number of different investments and strategies as he talks about how gold, this year for the first year in more than a decade, may end up the year at a lower level than it started.
And he reports that the flagship fund of prominent Canadian hedge-fund manager Eric Sprott has fallen more than 50 percent this year in what will likely be the third consecutive year of double-digit percentage losses.
Robinson said those fund assets collapsed from nearly $3 billion in 2008 to about $350 million today.
“Sprott is down 50 percent in 2013, while gold is only down 25 percent most likely due to overweighting and over-leveraging in precious metals and mining,” he said.
The issue is not a specific fund investment, or gold purchase, “but rather a story about diversification.”
He said that’s the key to his own portfolio, called PACE, which stands for precious metals, agriculture, commodities and energy.
He noted that portfolio this year is up 16 percent.
“This proves the power of diversification. Anyone who tells you to put all your money into gold and silver (or anything else for that matter) does not understand this powerful investing strategy,” he said.
In on the discussion is Jay Peroni, who manages the PACE portfolio.
Precious metals adviser Tom Cloud also joins the program for an update, and he discusses the current gold and silver standards.
Also on the program is veteran real estate expert Cynthia Goda, who has been investing for 30 years.
Among her revelations are how to find good tenants, dealing with foreclosures and whether buying them is a good idea. what about farmland, and others.
Podcast is 46:36.
Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, “Follow the Money Quarterly.”