Gold is a hedge against declines in equity markets. That’s the only reason I have any in my portfolio, and I’m not disappointed it’s down, since equities are up.
You were wise.
Modern democrats are rough as sin on the free market. I knew that with the rats in complete power [and BO as leader], gold would almost certainly go WAY up and hinted strongly to my FRiends.
When we took back the House, I warned my fellow freepers that gold was no longer a sure thing. With divided power, hedge your bets. If we win the senate and keep the House, I would hint that maybe the gold % needs to be trimmed more tightly.