INVEST LIKE GERO...Why He's Upping His Precious Metals Bets in 2017By Kitco News
Friday December 16, 2016 08:30
Editor's Note: Kitco News has officially launched its 2017 Outlook where we ask if this is the start of a new Raging Bull market. Be sure to catch all our coverage here, which includes gold forecasts, special technical reports and of course, our popular Invest Like The Experts Series. We will also be launching a new feature so be sure to stay tuned!
(Kitco News) - Kitco News’ Outlook coverage wouldn’t be complete without its popular Invest Like The Experts series.
Known as a fan favorite, the Expert Series brings together well-known investors and Kitco regulars to find out where they will be placing their bets in the year ahead.
This year, Kitco News asked experts where they would invest $500,000 in 2017. We also asked them to share some New Year’s resolutions they have in terms of investment strategies and what some of their top stock picks will be for the coming year.
This feature comes out every Friday for the next few weeks, so be sure to stay tuned for more insights from veteran traders and strategist in the industry.
We hope you enjoy the series!
Expert: George Gero
Claim To Fame: Managing Director, RBC Wealth Management; Board Member, CME- COMEX Division; Member Hearing Board, National Futures Association
How would you invest $500k in 2017?
5% in cash equivalents
15% in gold and precious metals ETF’s (gold, silver, platinum)
30% in fixed income investment grade corporates
50% in US equities half in prime income and half in dividend growth as per our research department.
“This is an increase in precious metals allocations for next year, especially based on low prices and for now, low inflation prospects, which could increase and change next year,” he said.
George Gero’s picks last year:
10% gold OR precious metals ETFs,
10% in cash and equivalents
40% in fixed income in US issuers
40% in US Equities
What will affect gold most in 2017?
“Inflationary expectations and currency changes may affect gold the most,” he said.
What is your New Year’s investment resolution?
Shifting focus from investing, Gero said his main focus in the New Year will be to remain healthy and, “exercise more.”
If you could describe 2016 in one word, what would it be?
“In one word: unpredictable,” he said. “2016 was the most politically surprising year in decades.”