58: David Durlacher, CEO of Julius Baer International, discusses the evolution of the global wealth management industry
Money Maze Podcast
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Is There a Tension in This?
For families with whom you operate, gold is rarely something that clients ask for. We have some clients who hold physical olds, exposure ingots,. But mostly it is a diversification, a non correlation, rather than an investment per se. Think of the standard portfolio investment theory. It is all about how do you get non correlation between assets? And that is where gold, or other precious metals, or any other alternative comes in. You need to make sure that you've got that blent.
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