John Graves is the founder of The Renaissance Group, independent financial planners and Registered Investment Advisors in Ventura, CA. He is also the author of The 7% Solution: You Can Afford a Comfortable Retirement.
Appearing on the New York Markets Live show, Graves explains how he believes gold should comprise 5-8% of a typical portfolio. Because “nobody can predict the future…and if there is a catastrophic event and the stock market dives gold will go through the roof. Gold is the ultimate portfolio insurance tool. I don’t know if things will be wonderful or horrible. If things go horrible I know that gold will increase significantly in value.”