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@rjunior original article gone: “A plan that I’d articulate to clients would include some number, depending on the client’s wealth and liquidity, of up to 10% in bullion and bullion-related products...Despite the fact that your purchasing power on cash is beginning to erode, accounts need to be very liquid, because I don’t see that the possibility of a psychotic break like 2008 has been eliminated. If we do get another psychotic break, having the cash might not give you the courage, but it will provide the tool to take advantage of irrational activities by others. I think that the bulwarks of portfolios now are bullion and cash.”
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