Oh dear, I was not expecting to start a shitstorm amongst other poster from a throwaway personal political opinion. I shall be more careful.
But appreciate both your views. After all, we're here to fill in gaps in our own understanding with the superior (to me for sure) understanding of others.
Meantime, BoFA's Michael Hartnett suggests in today's AFR:
25% gold for every portfolio? What the price of gold will be if portfolios actually do that is quite unimaginable, but yes please.
RMS Price at posting:
$2.85 Sentiment: Hold Disclosure: Held
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(20min delay)