How much gold should you own?

Gold's value keeps setting new records with investors buying the yellow metal as though it were going out of fashion. But how much gold should you really have in your portfolio? Bengt Saelensminde explains.

In the last Right Side I told you about a fascinating discussion I had with Simon Caufield in Paris recently. We talked about the City. And we talked about the best ways that you, as a private investor, can exploit the City's greatest flaws.

Today I want to talk about gold. Both Simon and I are big fans of the yellow metal. Both of us have big holdings. But Simon stumped me with his rationale for buying gold. It came as quite a shock.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.