Why this jerk might buy a little platinum

A few years ago, I detailed Why this jerk holds a little gold. It represents less than 1% of my portfolio, so it’s a shiny sideshow not an important holding. But here's the argument regardless. My argument for gold is not as an alternative to long-term assets like shares (which form the bulk of my portfolio), but as a diversified liquid asset; an alternative to cash. Gold is subject to some significant and important unknowns—production, demand (investment and jewellery), central bank purchases/sales, as well as the perennial argument about its lack of yield. But so too is cash—chiefly the rate...

A few years ago, I detailed Why this jerk holds a little gold. It represents less than 1% of my portfolio, so it’s a shiny sideshow not an important holding. But here's the argument regardless.

My argument for gold is not as an alternative to long-term assets like shares (which form the bulk of my portfolio), but as a diversified liquid asset; an alternative to cash.

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