the blind are leading the blind.
noone knows what's around the corner - even overnight.
hence in my opinion, the need to hold some gold as an insurance policy.
I therefore dont worry about the day to day gyrations in the gold price - I just see the need to hold some.
No one wants to claim on fire insurance, but they still protect their homes and contents.
Same thing.
A 5% allocation in gold or good gold stocks is not excessive - it's part of a balanced portfolio in a risky world.
Too many on this forum are worried about what the price of gold is doing - I'd be worried in not holding gold.
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