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<p>[QUOTE=&quot;Morgan1878, post: 608116, member: 17869&quot;]There are a number of exceptional money managers including the recently retired Jean-Marie Eveillard of First Eagle Funds that recommended allocating 5-10% of a total portfolio to gold. The gold acts as &quot;insurance&quot; to counter unforeseen negative market movements. Just before he retired he raised the allocation of gold in the First Eagle Overseas Fund to 10%.</p><p>&nbsp;</p><p>He was also the manager of the First Eagle Gold Fund. He was quiet, humble and retired with a track record that would place him in a Hall of Fame for investing excellence if there were such a place. You can go to the First Eagle website and read about his ideas. It will make you a better investor.</p><p>&nbsp;</p><p>Personally, I have about 7% of my total portfolio in gold. Over the last 5 years, this percentage has fluctuated between 3%-7%. </p><p>&nbsp;</p><p>Disclosure: I own both of the above First Eagle Funds.[/QUOTE]</p><p><br /></p>

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