If this seems high, remember that I am a risk-taker and a very successful investor. I am happy staying the course on this. Whether this allocation is suitable for any specific investor depends entirely on that investor’s financial situation and risk tolerance profile. What I find really interesting is that right now, gold – the metal and the stocks – represent half of one percent of all the assets in the world.
So you have some investors like me with a large allocation to gold. The average person, meanwhile, never owned any gold, even while it was going from $250 to $1,900. Gold is still a very under-owned asset, in my opinion.
- Source, Eric Sprott via the Sprott Group:
