Repositioning. Yesterday my portfolio was 22% Canadian dividend stocks , 28% laddered corporate bonds along with some preferreds and the balance was in VTI the Vanguard USA total market ETFs. Today my VTI is 25% of my portfolio and the 25% has been replaced with the I Share gold bullion ETF and the Vanguard inflation protected treasuries. My rational is as follows. Covid isn't going away therefore government spending continues at a runaway pace and productivity and production will decline. At some point central banks will quit buying government debt and will be adopting tight money policies. The current free lunch cycle will end because there isn't such a thing as a free lunch. The stocks markets are in bubble state and that will end as well. This circus will end and I want diversification and better protection of my capital. The markets have been extraordinarly generous to me over the past 10 years so I believe it is time for a fair bit of caution.