...Equities and Bonds in Developed Countries remain the main allocation
...Just shows that many rich families have not yet considered Gold & Silver, and underscores why these Precious Metals have huge room for more upside. Why haven't they?
> They love their dividends, and Gold & Silver pays none of it nor interest
> Gold is associated with doom, and they're heavily glass half full people
> Their advisers have vested interests selling them funds, no one makes commission on Gold
> They don't know how to keep them safely, and they don't trust third party safekeeping on their behalf (but they trust their fund managers)
Three key takeaways from UBS’s latest Family Office Strategic Allocation:
<1% Commodities
1% Emerging Market equities
2% Gold/Precious Metals
These three allocations are very likely to grow meaningfully by the end of the decade in my view.
