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<p>[QUOTE="desertgem, post: 708886, member: 15199"]I have no problem carrying a low percentage of gold as part of my financial portfolio. But I have been through this cycle before and learned my lesson. As with stocks, when your "grandmother" wants to know where she can buy some gold, it is getting close to the peak and sell. Many of the gold supporters here probably have less than 30 ounces in their possession, yet may sound like it is their total portfolio, and although age and experience is sometimes over rated, it does temper one's outlook. :smile</p><p><br /></p><p>It would be different if the US had inflation steadily and strongly increasing, but I do not see that in any commodities beside oil related and precious metals. Corn, wheat, non-precious metals are all relatively flat, even with money being printed as you say 24/7. If people are buying US goods with US dollars, it is fairly flat. The inflation will come after the unemployment and pay level per family returns back towards previous levels.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 708886, member: 15199"]I have no problem carrying a low percentage of gold as part of my financial portfolio. But I have been through this cycle before and learned my lesson. As with stocks, when your "grandmother" wants to know where she can buy some gold, it is getting close to the peak and sell. Many of the gold supporters here probably have less than 30 ounces in their possession, yet may sound like it is their total portfolio, and although age and experience is sometimes over rated, it does temper one's outlook. :smile It would be different if the US had inflation steadily and strongly increasing, but I do not see that in any commodities beside oil related and precious metals. Corn, wheat, non-precious metals are all relatively flat, even with money being printed as you say 24/7. If people are buying US goods with US dollars, it is fairly flat. The inflation will come after the unemployment and pay level per family returns back towards previous levels. Jim[/QUOTE]
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