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Winning Portfolio In 2016 — Gold, Treasuries and… Bitcoin

TedTed
in Fund Discussions
FYI: Few at the start of 2016 were predicting rallies in gold, U.S. Treasury bonds and… bitcoin.

And yet, here we are. The SPDR Gold Shares exchange-traded fund (GLD) is up 23% and has pulled in more than $10 billion in new assets this year. The iShares 20+ Year Treasury Bond ETF (TLT) is up 14% in 2016, the highest level in a year. And, finally, the Bitcoin Investment Trust (GBTC) has nearly doubled over the past month. The former two assets have been powered higher by fear; fears that central banks are becoming helpless to bolster the economy, fears that the U.K.’s referendum will tear the European Union asunder. As for bitcoin, it would seem to be a series of structural issues combined with growing optimism that the underlying blockchain technology is going to be big. Here’s Ed Yardeni, the president and chief investment strategist at Yardeni Research, on Thursday
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2016/06/16/winning-portfolio-in-2016-gold-treasuries-and-bitcoin/tab/print/

Comments

  • DavidV
    edited June 2016
    It is a year for the permanent portfolio fund PRPFX, that is up 8% YTD. I thought the fund was dead money in any market, but looks like this time is different.
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