Jeff Clark at Casey Research believes strongly that now is the time for gold and silver.
He believes the following:
If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren’t held in various forms of gold and silver, we at Casey Research think your portfolio is at risk.
Whether that is the right percentage or not is really not determinable except by your individual needs, risk tolerance, etc. That is, it is a personal decision. Furthermore, your portfolio is at risk in these times regardless of what is in it. When the purchasing power of the currency cannot be trusted, there are no safe or low-risk assets.
His rationale for gold and silver is sound:
Both the US and Canadian dollar, after adjusting for their respective CPIs, have lost about a quarter of their purchasing power just since 2000. Concurrently, gold has increased