I am about 65% in real estate (7 locations in two states, vacant land and rentals), 24% in cash, 11% in stocks (mostly mutual funds, domestic and international).
I might put more of the cash to work, but since I’m approaching retirement, it will have to be something I have confidence will make a good return (above 6%) with what I consider “acceptable” risk. That’s where analysis plus gut feeling comes in, both of which have served me well.
Speaking of gold, the price of gold has gone from close to $800 an ounce in 1979 to close to, hmmm...$800 an ounce today. The only problem is that the dollar is not worth very much today compared to its value in 1979. So gold as an inflation hedge seems to have some problems.
Gold has done well the last 4 years, but I have a much longer term investment horizon than 4 years.