I have no precious metal exposure at all and no planes to add any in the near future.

I have heard a lot lately about how gold should go up. My first thought was How can Obama screw this up?.

I already have quite a bit of my portfolio in Au, perhaps too much, so I'm not buying.

No. $5Au did not increase his gold hoard. However, he did double his holdings in oil stocks and establish positions in data storage and Internet security stocks.