Thanks Mark; I just don’t know the answer to your question - PP is around 20% now and overall portfolio 6.9%. Target is around 7.5%Mark Leavy wrote: ↑Wed Jun 20, 2018 10:16 pmBudd,
I've seriously enjoyed your commentary. Angst is what makes us all think.
How much gold would you hold if you thought it was nothing more than a currency hedge?
I.e. Most of your assets are valued in US dollars. Imagine that gold represents a basket of all of the other world currencies. Nothing more, nothing less. Gold goes down if the dollar goes up. Gold goes up if the dollar goes down.
What percentage of your portfolio should be allocated to a dollar hedge?
Just brainstorming here...
“Gold up if dollar down” - sure; but what about International stocks as a currency hedge (VWILX holding > +40% since 2017). I’ve had success with everything but gold. Maybe one day I’ll break even.