re: Just dumped some cash and bought gold, good or bad?

A percentage of gold in ones portfolio is never a bad thing. What exact percentage is open to interpretation and personal preference.

I hold more silver than gold personally.

I'm told precious metals are foolish, but when I look at various time period charts for silver versus the S&P I don't understand this. Especially when the S&P is properly adjusted to reflect actual returns.

In any event my personal preference is a larger percentage of silver than most recommend, but I don't see a lot of serious portfolio advisors indicating to not hold any precious metals.