Can Precious Metals Make Your Portfolio Shine

  title={Can Precious Metals Make Your Portfolio Shine},
  author={C. Mitchell Conover and Gerald R. Jensen and Robert Russell Johnson and Jeffrey M. Mercer},
We extend earlier studies and present new evidence on the benefits of adding precious metals to U.S. equity portfolios. We report five major findings related to the potential benefits of investing in precious metals either directly via the commodity or indirectly via equities. First, we find that adding a 25% allocation to the equities of precious metals firms improves portfolio performance substantially. Second, our evidence indicates that an indirect investment dominates a direct investment… CONTINUE READING