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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: KyrosL who wrote (10)	2/12/2007 11:02:28 AM
From: Mike Johnston	Read Replies (2) of 1718

I keep around 2% of the portfolio in precious metals I don't know what the rest of your portfolio looks like, but 2% in gold seems way too low. That small amount will not protect you in the event of extreme financial disruption as you describe it. IMO 10% is a starting point. Globalization is deflationary, so it's not good for gold. We have already seen the impact of globalization, since goods from China are not going to get any cheaper than this nor there are any countries that can manufacture cheaper than China. Impact from globalization has been mostly felt in the 90's, at this point any new monetary inflation will get translated into higher prices of goods.

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