Sidebar

[Teach]

Once upon an afternoon dreary, I was pondering weak and weary…the price of gold. Yes, it's risen substantially, and yes I’ve benefited financially (No ravens here, just their aviary cousin, the crow, and a bunch of wild turkeys).

Since we last spoke, I have “jettisoned” my two "junior" silver-miners. I’m now concentrating on gold. I believe that the “yellow metal” offers more “bang for the buck.”

You ask, “Do I see gold going higher?” Yes, I do. It may not be as exponential as recent gains, but “slow and steady wins the race.”

I currently have about 5% of my total portfolio in gold: two stocks: a “major” and a “minor.” I’m thinking of adding to my gold-holdings with my “grubstake,” i.e,, cash. For now, I’m “keeping my powder dry.” I’m waiting for “dips.”

As I continue, gold loves “uncertainty.” Frankly, there’s lot of that to go-around. Internationally, you're talking about Ukraine, NATO, Putin, Taiwan, etc. Domestically, although inflation has eased, somewhat, as they say, “The old green piece-of-paper paper (fiat currency) ain’t worth what it used to be.” That has people, including many average Americans, looking for alternatives. Even (I’m not shilling) the Walmart’s and Costco’s of the world are “selling gold.” As I understand it, there’s a flourishing market.

In my opinion, it’s not too late to “jump in.” I personally believe that the gold market could get to $2,500 per-ounce by summer, if not sooner. Why? Because both the geopolitical and domestic world remain in a state of flux. There’s that word again, “uncertainty."

In closing, I do believe that when it come to investing, the key is “diversification.” Yet, in that light, I strongly believe that gold, especially in these “uncertain times” has a place in most investor’s portfolio. Personally, in my opinion, I wouldn’t go over 10% in precious metals, but that is a personal decision. As I always say, "Everyone's a free agent."

Finally, I believe that in these inflationary times, it is important to consider “hedges.” Under that heading, I would consider real estate, “collectibles” (you have to know what you’re doing), and precious metals, i.e., gold.