As a gold bull, I'm bullish on gold because I want to be as liquid as possible in the stongest currencies. I don't see a problem with owning free-hold property, but it should primarily be thought of as a real asset as opposed to a financial one. I doubt whether gold bugs are against holding free-hold property either. I wouldn't 'leverage up' because I think there's a good chance currency will strengthen against assets/ property etc. But here the gold bug might differ, and decide it's a good bet to leverage up as the currency is expected to hyper-inflate shortly, and a few ounces of gold would then pay off the mortgage.
How much gold to own? I think it would differ for everyone. Most I think are happy to have the standard token insurance amount of 5% of their worth or so... just in case of Armageddon etc. The gold bug would want near 100% of their liquid worth in gold... but more often than not it is in silver, or gold miners. The gold bull is somewhere in between; he just views gold as an appreciating currency in a deflationary environment. He wants to be as liquid as possible and in the strongest currencies, so might look at putting anywhere up to 50% of his liquid worth in gold, and then keeping the remainder perhaps divided between the reserve currency [US dollar] and his native currency.
Agreed. Mixing 'investing' and belief systems is potentially a very toxic mix for one's pocket.
I am 8.3% in gld etf...but I shouldn't be. I erroneously missed a sell signal at the beginning of the month but will wait to see whether I should sell at the end of this month. (it's not really a 'sell' signal as such, more of a 'buy' signal for other things)
However, I'm not too worried. I still see the move in gold as being peculiar to trading that metal. The move is de-coupled from tip. If tip had gone as well, then I would have sold regardless.