I have made no secret that I am not a fan of gold as an investment. No cash flow. No real fundamentals to speak of. It just looks pretty and it endures. But I have been buying small amounts of physical gold (1 oz Maple Leafs) every now and again for some time as part of a "just in case" strategy. I purchased again this morning. The total amount is not large - only the equivalent of one of the smaller positions in individual equities and about a fifth of the value of the paper silver - and, to date, it has been kept off the balance sheet (like my bonded wine and a few other things).
Why blog about this now?
With retirement now quite close (updated post to follow) I have realised that I expect to retire with slightly more than my financial needs require and am looking for some assets that provide either a "just in case" degree of protection or an element of interest (like the wine does). I can see myself adding a bit more every now and again not because I believe it is going to be a great investment but to provide a little more diversification and a small degree of insurance in case things go badly wrong elsewhere.