Copper is a strategic metal essential for the infrastructure needed for AI, robotics, and electric vehicles. Its demand will rise as the technological revolution accelerates, making it a key hard asset in a barbell portfolio.
Gold and silver serve as a store of value outside the traditional financial system, protecting against the unwind of the old world, monetary debasement, and loss of faith in paper currency. They are core long-term portfolio holdings as long as government debt and spending remain unsustainable.
Short-term Treasuries are preferred for the defensive side of the barbell because they provide liquidity and flexibility to pivot allocations as macro conditions change, without taking on duration risk.
Gold and silver serve as a store of value outside the traditional financial system, protecting against the unwind of the old world, monetary debasement, and loss of faith in paper currency. They are core long-term portfolio holdings as long as government debt and spending remain unsustainable.