WHAT PERCENT OF YOUR PORTFOLIO IS IN GOLD? So, I have this little hobby forecast

WHAT PERCENT OF YOUR PORTFOLIO IS IN GOLD?

So, I have this little hobby forecasting currency changes. And, really, I do pretty well with it. That’s because governments are predictable and slow moving. And economic instability has created plenty of opportunity since 2008.

Now, I’m not a gold bug. Like most analysts, I just view it as another form of manipulatable currency. And I’m not a trader. I invest in my businesses. And my cash reserves are defensive. So, gold is just a currency to move to when others are going to fall. The ticker symbol GLD is a fairly safe way to buy.

And since gold is fairly volatile, you can buy it gradually over time in the valleys.

I’m going to increase my GLD holdings by 5%, even though my intuition says to increase them by 10%.

This election is going to have an enormous impact on world affairs. And like I wrote in 2006, the only way they’re going to fix the problem is to all but destroy the currency both here and in Europe. I just don’t see a way around it at this point without pervasive civil unrest.