Peter Brimelow reports on Harry Schultz (link). Unlike many doom and gloomers Schultz has an audited track record (up 6.4% over the past 12 months).
Schultz writes on gold:
"Exposure to gold shares and bullion should be a minimum of 35-45% of your total portfolio, with at least 10% in physical gold bullion and coins (preferably held in boxes outside of U.S.) ... If not already done so, use the current U.S. dollar mini-rebound to exit U.S. dollars and/or hedge dollar-denominated assets via futures and/or bank forward contracts."
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Readers know that I have been and continue to be long term bullish on gold. I have suggested a 3% allocation to gold for average folks. Those that want more than that need to know what they are doing, and shouldn't be reliant on newsletters as the main source of their financial decisions making.
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