Find8,
I know Prechter recommends people hold 'some' gold.
Many financial advisors say the same thing.
I can't really see the point in holding 'some' gold.
What would most people say is a suitable amount to hold in a balanced portfolio?
10%?
I doubt many gold bulls would hold such a small amount.
It wouldn't make sense.
What would holding 10% gold do if you are wiped out completely?
Is it just so that you end up with something?
I personally don't trade or invest that way.
I did qualify my earlier post by saying that if Prechter is right and we end up in a deflationary depression,gold would be very bullish.
I also said that I didn't know if I agreed with his most extreme views.
But in this day and age,I certainly wouldn't count it out.
What I have found over time is that the most extreme views (either way) rarely come to fruition.
But(and its a big but) we are living thru the most extraordianry times in literally 90 years.
Anything can happen.
My bearishness on gold stems from a firm belief that you gold bulls haven't been fully tested yet.
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