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Watch This If You're Wondering How Much Gold to Have and When to Sell

There's no straightforward way to invest in gold. Kitco expert Peter Hug explains why.

You've heard you're supposed to hold 5% to 10% of your wealth in gold, right? 

But how are you to know if that's the best way to turn a profit? Peter Hug, global trading director at Kitco Metals Inc., said it's all about having a "balanced portfolio."

Speaking at TheStreet's investing boot camp this month, Hug explained that there's no black-and-white formula to tell investors how much gold they should own. Rather, it's a fluid investing process that requires adjustments every six months or so. 

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In this video, watch Hug explain how investors can best "buy gold in a down draft and [sell] as gold strengthens."