Diversification is best left to the individual investor, and TIPS are not like ordinary bonds. The fund manager may be new to Vanguard, but she has over 30 years experience in bond markets and inflation-linked securities.

Originally Posted by Stetson
Is the word **IF** because **IF** that doesn't happen Gold will be a vastly better investment irrespective of what price point you bought in at.


That's wishful thinking on your part. If the **IF** does't happen it's just as likely as not that gold will go back to being the poor investment relative to stocks as it was for the 30 years prior to 2005. In the next 5 years gold could be back in the $700 oz range and stay in that area for decades. You only need to look at the following graph to see the risk of buying gold at current prices.

[Linked Image]