Paul: I agree that gold is a hedge against either deflation or inflation. It has an value all it's own. I keep a modest amount of my overall portfolio (5%) in gold (I prefer the metal itself; I can buy it on eBay tax free and sell it at any coin store). I don't think I would ever own more then 20% unless I was very sure about it's prospects in the short term and was looking to make a play. Splotto
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