The article says ultra-rich investors are increasingly buying gold and shares of gold miners. Billionaire Ray Dalio recommended a 5% to 15% gold allocation, while Paul Tudor Jones's firm increased its SPDR Gold ETF (GLD) position by 49% in the third quarter of 2025. The UBS Global Family Office Report 2026 found that surveyed family offices held an average of 2% of their portfolios in gold in 2025 and planned to raise that to 3% in 2026. Using an example of a miner with a $4,000 gold price and $2,500 production costs per ounce, it notes that a 10% rise to $4,400 could lift the margin about 27% if costs stayed unchanged, while margins could shrink if extraction costs rise.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/20/2026 | 4,116.60 |
| Change that session | -0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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