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Shout-out for the big boys such as Barrick Gold!

By Chris Bailey of Financial Orbit | Friday 6 November 2020


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Despite being the most boring and large cap focused writer on these pages, in case you did not know I too have the horn for gold.  I am such a geek that I even have an asset allocation formula to tell me what percentage of my pension fund I should allocate to the precious metals space.  For those of you who can stand a bit of maths (unrelated to US election college calculations) on a Friday, you take the index point value of the Dow Jones Industrial Average (28,390 as per the close yesterday) and divide into that the dollar gold price (1947).  A quick flourish with a calculator will tell you this gives you 14.6% (to 1dp) which should be your precious metals weighting in my opinion.  
 
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