Meraglim Blog

Billionaires Love Gold; They Just Won’t Talk About It — Except This One

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

When investors think of famous billionaires, like hedge fund kings Steve Cohen and Ray Dalio among others, they think of their success trading stocks, bonds, currencies and derivatives. That may be how they made their money in the first place, but what do they do to preserve wealth once they have the money?

I’m personally acquainted with a number of hedge fund billionaires, both through my work in the industry and among my friends and neighbors in Fairfield County, Connecticut, where I lived for 35 years. That part of Connecticut includes the wealthy towns of Greenwich, Darien, Stamford and New Canaan that are home to many of the world’s largest hedge funds and banks.

Every billionaire I know has a large hoard of physical gold in safe nonbank storage. They won’t talk about gold publicly because it’s not what they trade and they don’t want to spook their investors. But in private conversations, they will let you know that they have stacks of 1-kilo gold bars in their private vaults.

As this article shows, there is at least one billionaire who is willing to discuss his gold holdings. This article reports on an Egyptian billionaire worth $5.7 billion who keeps 50% of his net worth in gold. That’s higher than my preferred allocation; I recommend that investors put 10% of their investible assets in physical gold.

Whether you allocate 10% or 50% is up to you, but a portfolio without some physical gold as insurance against catastrophe is a sitting duck for 85% losses when the next financial panic comes… which could be any day.

Accredited investors interested in learning more about Jim Rickard’s private placement in the world’s first predictive data analytics startup that combines human and artificial intelligence with complexity science should check out his offering at Meraglim Holdings. Click the link to learn more.

IF THE SCIENCE IS NOT ON YOUR SIDE, JUST TRY THREATS

It’s clear that good science does not support the extreme claims of the climate alarmists. Yes, there is such a thing as climate change, but it’s slow, difficult to predict and almost impossible to model because of the complexity of the process. The climate alarmists have grabbed most of the headlines for the past ten

Read More »

WHY TRUMP WILL WIN REELECTION: NOT POLLS OR PUNDITS; JUST COMMON SENSE

Political analysts use polls, betting odds, historic trends and other inputs to make their (usually wrong) political predictions. We all remember that “experts” said Hillary Clinton would win the presidency in 2016 (they gave her a 92% chance on the morning of the election), and that the UK would vote to “remain” in the EU

Read More »

HERE’S ANOTHER ELITE WITH ANOTHER PLAN TO TAX AWAY YOUR WEALTH

The elites never rest when it comes to devising new ways to take your money through taxes, inflation or outright confiscation. The latest Trojan horse the elites are riding to take your money is climate change. The climate does change over long periods of time for reasons that are not well understood except that they

Read More »

KRUGMAN SHOWS HE KNOWS LITTLE ABOUT ECONOMICS AND LESS ABOUT FINANCE

We already knew that Nobel Prize winner Paul Krugman knows almost nothing about economics. Now, we see from this article that he knows nothing about banking either. Krugman claims that the repeal of Glass-Steagall and the actions of banks in general were not the cause of the 2008 financial crisis. The conventional wisdom is that Lehman Brothers,

Read More »
Scroll to Top