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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (8168)	9/19/2001 7:31:20 AM
From: Tommaso	Read Replies (1) \| Respond to of 23153

I think --in the conventional way-- that gold has a place in a wise person's portfolio. I do own gold bullion coins, I own gold mining stocks, I hold calls on the XAU, and in fact I did put half the money I had in Dow puts into CEF, the bullion fund, only a couple of weeks ago. But it's still in total only maybe 5% of my net worth. About the same percentage as I spend from my income on insurance every year--fire, auto, liability. Buying more gold than that seems to me to make as much sense as buying overlapping insurance policies. On the other hand, I think we are headed for much higher inflation, and I do declare that I am puzzled as to what is the best thing to do to prepare for it. Natural resource stocks can work--unless the inflation is combined with deep recession. And that can happen. I guess a lot of cash for the next 12 months is the safest thing--though for me that means BEGBX, since I don't see what's holding the dollar up.