While adding gold as a hedge is important, if things get wonky,
a small gold position probably won't do the trick.
While I may not trust a gold ETF to perform as it should under all circumstances (and thus wouldn't hold 100 % of my gold in electronic form), I think it is reliable enough to hold
a smaller gold position to make portfolio maintenance easier (and cheaper).
Not exact matches
But the bearishly inclined may want to take
small positions in a
gold miner or two.
I liquidated my
gold position for a
small loss on Wednesday when spot
gold traded above $ 1325 and I remain short the S+P with a combination of option
positions.
It's a Wonderful Life, a putatively heartwarming story about a
small - time banker with a heart of
gold, manages to combine all four elements, as it inexplicably lionises a lunkheaded ninny who risks the financial health of his community by making a series of bad loans to people who are in no
position to repay them.
Chic contemporary black and white wet bar is fitted with antiqued mirrored cabinets
positioned beside a glass front mini wine cooler and beneath a white marble countertop finished with a
small sink with a brushed
gold faucet.
Those seeking more leverage (and costs and risks) and a
smaller position can consider VelocityShares 3x Inverse
Gold ETN (DGLD).
I also have
smaller positions in funds that own foreign REITs and
gold stocks.
Pitkowsky: Wally, over the last few months, we have significantly increased our holding in Barrick
Gold (ABX), which had been a
small position up until that point.