Bond and share investment managers always talk, rather patronisingly in my opinion, about putting about 10% of one’s investable wealth into gold. I’ve never understood why 10%, but somehow 10% is THE percentage that is used outside investment as well as inside as an off-the-cuff figure to illustrate something.

What it illustrates to me is that investment managers do NOT want investors leaving their expertise and funds and going it alone in gold and silver. So, rather than saying: Never buy gold!, they say: Have 10% in gold. If they said, Never buy gold!, even the thundering herd might smell a rat!

Here, at last, AM states: This look a great year to be invested in silver and gold and not much else. Sounds like as if we are being told to invest 90% in gold and silver and just 10% in anything else. Good advice especially since this is just about my position.

Griffiths was impressive in his reeling off of figures and numbers of a chartist nature, it seemed to me. His conclusion made complete sense to me and to AM, but the thundering herd will go over that cliff, won’t they?

This is a new, and very appropriate definition of the word “insanity”.

But it’s not only owning gold, but also not owning silver, platinum, palladium, Rare Earth Elements (REE), and lithium. Any investor who does not own mining stocks in the above metals is certifiably insane.

O dear, obewon, I’m insane! I don’t own mining shares nor do I want to. Life is so much simpler just owning the bare metal. I see that GoldMoney.com has added Palladium to its Platinum, Silver and Gold for purchase.

@John Mark:
I can understand your logic to “not” wanting to own mining shares; it involves a lot of work, analysis, and planning. And yeah, it’s much simpler to own the bare metal, but it’s not easy to own physical palladium or lithium, or REEs.

The Case for Palladium:
I believe palladium will increase significantly over the next two years, primarily because of the increased demand from the global auto industries. Platinum is getting too expensive for use in catalytic converters, and palladium is a good substitute. One of the easiest ways to own some is to buy shares of PLG, a company that mines both platinum and palladium. Here’s an interesting commentary on these metals.
Go here:
http://finance.yahoo.com/news/Platinum-Palladium-Stocks-Up-indie-2269616920.html?x=0&.v=1

I would like to add owning soft commodities and fertilizer to the list of must own stocks. A rise in soft commodities is historically an indicator of a rise in precious metals because it is an important indicator of inflation