2% of the speaker's portfolio is in physical gold, viewed as hard money and an inflation hedge, rather than a traditional investment. The theory is that gold will retain more purchasing power than cash over time due to inflation.
"and then 2% of my portfolio here is physical gold I don't consider a real investment per se I consider it like owning hard money it's an alternative to holding cash because my theory is if I bury $10,000 worth of physical gold in my backyard today and I also bury $10,000 wor of cash my thinking is that in 10 years the physical gold will have more buying power than the cash because of things like inflation so 2% is gold for that as a diversification as a hedge and just as a type of insurance"
