In a short video Rick Rule says that the opportunity and carrying costs of hold cash over the next 2 -3 years in his view outweighs "the liquidity and courage it gives you will overcome the opportunity costs of holding it".

Rule is President of Sprott Asset Management, USA & Founder of Global Resource Investments Ltd., now part of Sprott Asset Management.

If you are interested in listening to a thoughtful and arguably somewhat contrarian position taken by someone who believes investors ought to hold precious metals in their portfolios, you might find the referenced video of interest.

Topical Reference: Cash and Courage: Rick Rule, from The Daily Reckoning, July 27, 2012 - video watching and listening time 1.5 minutes.