In a 2012 interview with Daniela Cambone (then of Kitco News), Canadian investor and Shark Tank host Kevin O’Leary explained his philosophy on owning gold as a portfolio stabilizer, an insurance policy that should be no more than 5% of one’s portfolio.
Because managers of gold mining companies all too often are unable to control their costs, “If you want exposure in gold - buy the gold, not the miners.”
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