John Mauldin, in his weekly e-letter this weekend, which counts over one
million subscribers, offered his thoughts on gold: "Do I think gold is at a
high? While I hope so, I truly do, I rather think that gold still has some
upside because of government policies. When the deficit gets under control and
we are on the road to real recovery, I rather think that gold will come back
down from whatever highs it makes. I remember in 1980 there were True Believers
who thought gold could only go one way." "For the record, I think you should
own about 5% of your net worth in gold, as insurance, not as an investment. The
goal and your hope should be to never have a reason to sell your gold. I trust
that tells you where I stand."
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