Gold for the long term

Q

quin8670

Would it be stupid for the long-term investor to buy gold today seeing as the market has been on a tear over the last few months?

One thing that I have always questioned about holding gold is that the majority of its use is for jewelery. I hold it because I don't have faith in fiat currency regimes. However, even though 33.33% of my networth is in gold - I think it makes sense to increase that percentage after the FED has shown no care for inflation and continues to pump money into the system.

So my question is - do I wait for a better buying opp or allocate funds elseware.

I'm interested in why other people hold gold for the longterm.
 
If you're not bothered by increasing your "commitment" to gold at all-time-high prices instead of merely maintaining it, then keep on buying the stuff. Your sense of certainty regarding bullish prospects for gold should be cause for concern.
 
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