I like Greg's point of owning only so many assets...I own 17. I don't ever see me owning more than 20.. It is not the quantity , but the quality.
As Far as Gold, and Greg's point about the election and who is the Leader.
I use the Nation's politics in some of what I do..I always keep 5% in Precious Metals as an Insurance. Since 2008, I rose that to 15% plus...I am using the cues from the Federal Reserve and the Administration as my guide. Is it a long term play ? No, but is has gone up 125%..
So although it is not long term, it is part of what I am doing...If things change in the Administration in November, I will dial back to 5%. If nothing changes and the Congress and House and Leadership stay the same, I see more stimulus, which will devalue the dollar..
I always have other plays other than steady eddy's...
