“Your core position is something you hold for the long term, or until you experience a significant reduction in your assessment of the probabilities of your worst-case scenarios coming true or the utility of gold and silver in those cases. An investment position in gold and silver or related equities is something you hold as part of a commodities position in a balanced portfolio or because you consider the investment opportunity attractive. This portion of your portfolio is designed to grow your assets and to protect your purchasing power in scenarios other than the worst-case scenarios. The ideal investment position is held in bullion and or funds and stocks with excellent governance and management.”
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