December 29, 2008 12:00 PM
Gold has shoot up quite strongly in last few days. I have reports showing more and more reasons to own gold.
In my earlier recommendation, I had suggested at least 5 % allocation to gold. Today, I raise the bar and suggest to raise the allocation to at least 10 %, aggressive investor can mark even 25 % to gold.
Gold has crossed some very important resistance marks and if stayed above $879, can form new historical high i.e. can break the previous high of $1000+.
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