Dan, the BPR portfolio has been at a 40 percent allocation to gold and precious metals for several years. Since gold has appreciated more than the stock positions and far more than the cash position, gold would now be way above the 40 percent allocation in the recommended portfolio. Yet recently, you mentioned buying more gold on a pullback. Was there ever a recommendation to sell down some gold to maintain the 40 percent target? If the target is different now for long time holders could you comment on when (if ever) you’d recommend trimming back to 40 percent?
Dan, the BPR portfolio has been at a 40 percent allocation to gold and precious metals for several years. Since gold has appreciated more than the stock positions and far more than the cash position, gold would now be way above the 40 percent allocation in the recommended portfolio. Yet recently, you mentioned buying more gold on a pullback. Was there ever a recommendation to sell down some gold to maintain the 40 percent target? If the target is different now for long time holders could you comment on when (if ever) you’d recommend trimming back to 40 percent?
Interesting development….there’s so much traffic currently on the Royal Mint website that you’re now placed in a queue to enter!
Wait… how did the portfolio make money on rare earths?
Funny, JP doesn’t have shipping listed anywhere. Just not glamorous enough I guess.