Berenberg is urging investors to allocate as much as 45% of their portfolio to gold, silver and Bitcoin, while cutting bonds entirely and limiting equities to just 35% in a high-conviction strategy built for inflation and geopolitical risk.
The UK-based strategists say the shift reflects a long-term view that traditional safe havens like bonds no longer offer reliable protection. Gold is now seen as a "far better hedge" amid rising debt and currency debasement, they noted.
