Attractive Entry Point For Gold

"We would recommend gold acquisition, for those who are inclined to pursue it, on a very modest level, utilizing a dollar-cost averaging method. Buy a little gold and put it away. Forget the price. Come back again, buy a little more, add to your hoard, and forget the price. Look at gold as an insurance policy that you hope you never need to use. We do believe that abandoning gold completely and disparaging it as a barbarous relic is too extreme.

Gold should form a part (not more than 5-10%) of a well-diversified investment

portfolio to protect against open-ended QE programs undertaken by central banks around the world. Additionally, the cost of holding gold is negative in an environment of negative real interest rates and widespread financial repression. Therefore the recent extreme move in gold presents an attractive initial buying opportunity for those who have been looking to enter the market." - David Kotok, Cumberland Advisors