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"But if I had my choice between $1900 and an ounce of gold, I would take the greenbacks every time."

I would make that choice today because today that would be a 3% premium to the price of gold. But as with all investing, the goal is to make your best determination about what that investment will be worth in the a year's time, or two years, or 5 years.

Would you have made that same choice 5 years ago? If I had my choice between $650 and an ounce of told I'd take the greenbacks every time? Because 5 years ago that is what it was trading for.

Gold is a cornerstone of my portfolio and I think it will be for a while.
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