Goldman’s Hedge Fund Chief Reveals Best Stores of Value for Market Volatility
What happens when Wall Street’s biggest brains start treating Bitcoin as a store of value alongside gold and silver? You get Goldman Sachs’ latest portfolio strategy for 2025 — and it’s making waves. Tony Pasquariello, Goldman’s global head of hedge fund coverage, just revealed his H2 2025 investment strategy featuring three key stores of value that might surprise you.
While the S&P 500 bounces back and the Nasdaq hits fresh highs, Pasquariello’s Goldman Sachs portfolio recommendations focus on what really matters: protecting wealth when markets get volatile using gold, silver, and Bitcoin as core hedges.
Goldman Sachs Four-Pillar Portfolio Strategy for 2025
U.S. Tech Stocks Remain Core Holdings (But With Protection)
Pasquariello’s Goldman Sachs investment strategy starts with long U.S. tech stocks. No surprise — AI momentum isn’t slowing, and tech earnings keep delivering. But here’s where Goldman’s approach differs: they’re not going all-in without portfolio protection through alternative stores of value.
Gold, Silver, and Bitcoin as Stores of Value in 2025
This is Goldman Sachs’ headline recommendation. The hedge fund chief identifies gold, silver, and Bitcoin as essential portfolio hedges for 2025. Think of these stores of value as financial insurance — they might not always shine, but when markets crash, these alternative assets provide crucial protection.
Why does Goldman Sachs recommend gold, silver, and Bitcoin together? They’re uncorrelated assets that historically perform when traditional investments struggle. Gold remains the traditional safe haven asset, silver offers similar benefits with higher volatility, and Bitcoin has emerged as “digital gold” — a modern store of value for diversified portfolios.
Dollar Shorts and Global Curve Steepeners Round Out Strategy
Completing Goldman Sachs’ 2025 portfolio strategy: a modest dollar short position and global curve steepeners. Translation? Pasquariello’s positioning for interest rate shifts that could create opportunities for prepared investors holding the right mix of stores of value.
Why Goldman Sachs Recommends Stores of Value Now
Markets are becoming increasingly volatile, according to Pasquariello’s latest Goldman Sachs research. Job growth is slowing, market depth is deteriorating, and we’re entering a potentially turbulent August-September 2025 period where gold, silver, and Bitcoin could prove their worth as portfolio hedges.
Here’s the key insight from Goldman Sachs: even when individual components underperform — like the dollar last week — the combined strategy using multiple stores of value acts as what Pasquariello calls a “preferred bulwark.” It’s diversification in action: gold, silver, and Bitcoin working together to protect portfolios when traditional assets struggle.
Goldman Sachs Bottom Line: Combine Growth with Stores of Value
Pasquariello’s Goldman Sachs outlook isn’t bearish — he still sees U.S. equities trending higher through H2 2025. But Goldman’s strategy emphasises that going long without hedges using stores of value like gold, silver, and Bitcoin is unnecessarily risky in today’s volatile markets.
The Goldman Sachs takeaway for investors? Consider adding stores of value to your portfolio now. Whether it’s gold ETFs, silver investments, or Bitcoin allocation, having alternative assets that don’t correlate with stocks could be the smartest portfolio strategy for navigating 2025’s uncertain markets.
Ready to implement Goldman’s stores of value strategy? Start by reviewing your current portfolio allocation to gold, silver, and Bitcoin — because if Goldman Sachs’ hedge fund professionals are loading up on these alternative stores of value for 2025, it might be time to reconsider your own hedging approach.
Frequently Asked Questions About Goldman Sachs’ Stores of Value Strategy
Q1: Why does Goldman Sachs recommend Bitcoin alongside gold and silver?
A: Goldman Sachs views Bitcoin as a legitimate store of value that behaves like “digital gold” during market stress. Bitcoin offers portfolio diversification benefits similar to precious metals, making it part of Goldman’s recommended hedging strategy for 2025.
Q2: Is Goldman Sachs’ stores of value strategy suitable for retail investors?
A: Yes, the Goldman Sachs concept of balancing growth assets with stores of value applies to all investors. Scale positions according to your risk tolerance, especially with volatile assets like silver and Bitcoin in your portfolio.
Q3: What are curve steepeners in Goldman’s portfolio strategy?
A: Curve steepeners bet that long-term interest rates will rise faster than short-term rates. Goldman Sachs includes these alongside stores of value to position for potential economic growth or inflation scenarios in 2025.
Q4: How much should investors allocate to stores of value like gold, silver, and Bitcoin?
A: While Goldman Sachs doesn’t specify exact percentages, most advisers suggest 5-10% portfolio allocation to alternative stores of value. The key is having enough gold, silver, or Bitcoin exposure to provide meaningful protection without overweighting volatile assets.
Q5: What risks exist in Goldman Sachs’ stores of value approach?
A: Tech stock corrections could overwhelm hedges, and stores of value like Bitcoin and silver can be extremely volatile. Goldman’s strategy using gold, silver, and Bitcoin provides hedging benefits but doesn’t guarantee against losses in severe market downturns.
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Effective Date: 15th July 2025
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