Wall Street Finally Embraces Gold

60/40 becomes 60/20/20

For as long as most of us have been alive, the standard investment portfolio has consisted of 60% stocks and 40% bonds, with stocks providing growth while bonds protect against downturns.

This worked beautifully, with the typical portfolio generating a reliable 8%-10% annual return.

But it’s not working anymore. As the credit supercycle (which sent cap…