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Raging Bullion: Is Gold a Good Investment?

Many Happy Returns

CHAPTER

Is There a Difference Between Growth and Wealth Preservation?

If you just want pure performance without worrying about risk, hold 100% equities or even lever it up further. You could have a 90% drawdown, right? If you get the Great Depression. So the core portfolio is now 100% equity for that very reason. And I think I'm willing to suffer the drawdowns and not do anything about it. But there's definitely going to be underperformance.

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