Anyway, I think Bob introduced some interesting idea such as that if you have several different "risky" (with better ROI's) investments then you are somewhat diversified/hedged enough without that much need of boring/conservative traditional investments. I guess that's something you can only safely do when you are already well "covered" as he seems to be. Interesting.
Apologies if I came off sounding brusque and detached.
You have hit the nail directly, though. Again, risking braggadocio, my portfolio is diversified enough ("covered") that an asset exhibiting the "stability" of GLD bores me to tears and does nothing for me.
My money market accounts outperformed GLD for the last two years.