The Price of Shelter – Downside Risk Reduction with Precious Metals
Research by Don Bredin, Ph.D., Thomas Conlon, Ph.D. and Valerio Potì, Ph.D., Smurfit Graduate School of Business, University College Dublin, Ireland
This article examines the potential to reduce downside risk by adding precious metals to a portfolio consisting of traditional assets. The paper shows that gold, silver and platinum contribute to downside risk reduction at short horizons, but diversification into silver and platinum may result in increased long horizon portfolio risk.
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