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Author: rrosenkoetter One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75530  
Subject: Re: My Port Date: 12/19/2005 9:23 AM
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Gold is the ultimate insurance policy....

No matter what happens, Gold will always have value... It's very unlikely that another Great Depression could happen, or hyper-inflation could occur with the dollar (Remember Germany in the 1930s)... but it IS possible...

If something happens to the dollar or the world currency markets, gold will still have worth...

I DO think Gold is currently in the early stages of a bull market, so it could be a good INVESTMENT over the next 5-10 years... but I primarily own gold as the ultimate hedge... If something happens, and I lose EVERYTHING... I'll still have 5% (I consider 5% a good percentage as well) of my money in Gold (Gold stocks, Gold ETF (GLD), and gold coins - coins being the safest of course).

5% is enough to help my family SURVIVE (not live well, but survive) a couple of really bad years, if needed.

Again, very very unlikely - but certainly possible.

And it's really interesting how nice a 1 oz gold coin feels in your hand...
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