I know for a fact that most fund managers (at least in India) have been converting as much as 10-20% of their portfolios into gold and other commodities.
With regard to India is that an unusual position because Indian fund managers can use gold to purchase oil cheaply from Russia? Other fund managers won't have to option to purchase commodity oil below market rate.
I think India is weary of Russia, but these are deals they can't say no to.
This is one of the key differences between rich and poor. Rich use debt to their advantage. Poor use debt to stay poor, lose ground.
It is entering an interesting phase because it isn't immediately clear from the stats who is on the other side of the tax havens like Luxembourg, Ireland and the Caymans. Brave people, without a doubt. I'm cynically assuming retirement funds but not really putting any weight behind that wild stab.
[0] https://ticdata.treasury.gov/resource-center/data-chart-cent...
How could he be wrong about a strategy that bankrupted him? What does the market tell you? I see the DXY on an upward path for 20 years.
De-dollarization is overblown.
>I know for a fact that most fund managers (at least in India) have been converting as much as 10-20% of their portfolios into gold and other commodities.
10-20% of a basket of various commodities is a pretty standard allocation, if a bit high. It's certainly not some major defensive hedge.
This guy has a track record for being wrong:
* https://awealthofcommonsense.com/2023/12/rich-author-poor-re...
No normal person should be doing any kind of hedging. If you want to save 'successfully' (e.g., for retirement) follow Buffett's advice and just buy index funds on a monthly basis (DCA) with a company match (in a 401(k) for US readers).