[jyl]

I use GLD when things look dicey. Started buying about six months ago, most portfolios have 5-8% weight in GLD. It’s not normally a long term holding, lack of dividend hampers it’s long term return. But with foreign governments reducing their holdings of US Treasuries (formerly just some, potentially going to most) and the risk of lower global trade reducing the need for USD, and the increasing risk of some dumb-ass actions that will shake USD’s status as the global reserve currency, GLD might end up being a longer-term holding than my usual 1 year trade.

No interest in physical gold. Can’t buy or sell without significant transaction costs, secure storage issues, and as said if SHTF, other things will be as or more valuable. Ammunition, insulin, baby formula.