Andy Constan, CEO of Damped Spring Advisors, revealed his personal investment strategy and issued a warning against what he perceives as misleading information regarding gold allocations. Writing on X on Tuesday, October 20, 2026, Constan stated, "I like gold as much as the next guy and have a 10% allocation. But this guy is being either intentionally deceptive or being stupid in order to pump gold. This small sleeve of Ray's wealth (named for his father iirc) is highly unlikely to represent Ray's overall allocation to Gold. Ray tirelessly advocates to own gold and that should be enough but this guy needs to misinform."
Constan's comments arrive as inflation concerns continue to feature prominently in economic discussions. Recent Gokhshtein Media coverage has noted Peter Schiff warning that the inflation rate is not near 2% and Lyn Alden stating that inflation persists above target in developed countries. The Bank of Canada also saw rate hike odds spike following a recent inflation survey, indicating persistent price pressures which often drive interest in gold as a hedge.
Constan's statement implies that while he sees value in gold as part of a diversified portfolio, investors should be wary of exaggerated or deceptive claims made to promote the asset. His 10% allocation suggests a strategic, but not overwhelming, commitment to gold. His warning highlights the importance of scrutinizing information from those advocating for specific asset classes, particularly when it involves large-scale investment figures.
