Cash is currently giving 5% nominal return which is pretty good in real terms, so investors should have 10-15% in cash for liquidity and optionality
normativepending
Speaker
Michael HoeyEvidence Quote
“Cash at 5% nominal is attractive; hold 10-15% for optionality”
Source
Michael Howell on The Issue With Gold & Silver Stocks + Troilus Gold & Capitan Silver CEO Interviews— Resource TalksCreated: 8/11/2026, 1:30:21 AM
My Notes
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