At the rate that the dollar will devalue, I don't think being in cash is one of the wisest of alternatives. In my view, inflation is inevitable..... The only question in my mind is whether or not it becomes the double digit variety seen in the early '80's. My guess is that it will. Cash is definitely not "king" in that scenario and I view 80% as unduly excessive.
*** I should have elaborated. I consider every dollar I have in stocks, other than gold miners, to be "cash", because I am able to, and prepared to, liquidate in a second. At the moment, I am about 100% "invested", but by the close today I'll be back to around 50%. It's not unusual for me to put very large sums into plays that I know will last a few days but, in order to do that, I have to have the cash handy, rather than in CD's.
for a list of a dozen juniors whose valuation I think would at least double in the next eighteen months or so. <vbg.
*** Do you read Adam Hamilton's (zealllc.com) newsletter? He is very much "into" the juniors. Can you, perhaps, tell me where to find your list?