Jim Rickards has been promoting $US15,000 gold spot ad nauseam in every interview, in his books and on his paid newsletter subscription and yet he recommends at most that you only invest 5 - 20% of your assets in gold.
I understand asset diversification however if you really believe what you are preaching, why not recommend 50% or more?
Okay, I know gold and silver are very volatile, however having 6 - 12 months in cash as a backup should be enough to ensure that you don't need to sell your precious metals during a prolonged dip!
I understand asset diversification however if you really believe what you are preaching, why not recommend 50% or more?
Okay, I know gold and silver are very volatile, however having 6 - 12 months in cash as a backup should be enough to ensure that you don't need to sell your precious metals during a prolonged dip!
