[Kozak]

My father had a friend who put all his money into gold in the late 1970s. I think it cost him something like $800 per ounce.

Really? I bought a bunch between 260 and 350. I think it's a pretty good investment. See the idea is to "buy low and sell high". Not vice versa. Lots of people who bought the Nasdaq at 5000 feel the same way about the stock market as your dad does about gold.

[ExSES]

Really? I bought a bunch between 260 and 350. I think it's a pretty good investment. See the idea is to "buy low and sell high". Not vice versa. Lots of people who bought the Nasdaq at 5000 feel the same way about the stock market as your dad does about gold.

Gee..., such a novel idea. Obviously (but a REAL revelation to those who base their financial planning upon their knee-jerk political views), ANYTHING that you buy with the intention to profitably sell at a later date should be properly timed!

Obviously, I agree with you! There is a time to invest in any asset class and a time to sell. All the protestations via the internet or vocally will not change this fact!

Allocating a portion of one's portfolio to physical gold and gold mining stocks is prudent at anytime. At the present, 15-25% may very well be advisable!