"Gold is down 30% from its 2011 peak of $1,921, but has far outperformed financial assets since 1999. A correction was overdue. I have about a 25% allocation to gold and buy some every month. I want to have some assets that aren't in the banking system. When the asset bubble bursts, financial assets will be particularly vulnerable.
Gold is easier to carry than a Lamborghini.
Most of my gold is in a safe-deposit box in Switzerland, but I am shifting it to Asia."
And Porter Stansberry likes silver better than gold as an investment. Stansberry also now suggests dollar collapse will probably arrive in the next 12 months. I'm just saying......
By fundamental perspective general market crash is unlikely in near-term. U.S. economy continues posting steady growth and inflation is low.
Also, as long as Fed doesn’t make any drastic actions to close QE, market has strong support by monetary flow. It is unlikely that Fed would do anything that could rock the ship; it is likelier that QE will never (not in few years, before next election cycle) ends thus supporting stock market indefinitely.
In other words, market leaves enough room for individual investors to play own games and not enough to make something spectacular. Outperforming S&P 500 is a challenging target in growth markets; many people just opt for Vanguard 500.