Random Roger answer the question, how much gold (link). The bottom line is about 3% in GLD, and 3% in a mining stock, and 2% in a related industry such as timber or chemicals.
My own suggestion has been and continues to be 2% to 3% in physical hard assets, such as gold coins, silver coins or similar bullion items. If a person wants some equity in the form of mining stocks that is separate in my mind. For long termers a little dab will do.
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