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Pillar of the Community
United States
1609 Posts |
I'd invest in a few kilos of silver and maybe half a kilo of gold.
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Pillar of the Community
United States
4211 Posts |
No, I would not invest any of it in silver or gold bullion.
I would cross a whole lot of coins off my want list tho.
Mostly in my Type Coin albums.
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Pillar of the Community
United States
2023 Posts |
I'll say I would invest up to 5% directly in precious metals (though in actuality it would probably be up to 10%). Mostly in gold, not much in silver just for the sheer volume of space that would require. I would go for diversity of product, leaning towards bullion value over numismatic value (i.e. I would get only a handful of common or semi-key American Eagles, along with foreign coins like Pandas, Libertads and Philharmonics). I would also buy into American Platinum Eagles and other platinum and palladium coins. From an investment perspective, I would consider classic coins primarily for their intrinsic/metal value because numismatic value is too hard to predict in the long run (as if metal value is any easier).
I would not buy any bars or ingots unless I had a lot of money left over, and even then I would probably go back and buy more coins. They're just nicer to look at and presumably would hold their value better.
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Pillar of the Community
United States
992 Posts |
Between 5% and 10% is the recommended fraction of your assets in precious metals. I would acquire only numismatic coins from the classic era, for appreciation. To ensure ability to sell quickly, if needed, they should all be chosen for the widest market, meaning no $10,000 rarities.
Storage would be on- or off-site, I've no idea what $500,000 to $1,000,000 in moderate-priced coinage would look like.
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Rest in Peace
United States
17900 Posts |
Invest? If I have 10 M the only thing I'm investing in is a chauffeur, a great car, wonderful food, and lots of plane tickets.
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Pillar of the Community
United States
3210 Posts |
I'd do about 15% in gold and silver (mostly gold due to storage), 30% or so in markets, 20% in a nice classic coin collection (high grade Morgan's, etc.), 20% towards a house, car, bills etc, and. The final 15% I'd invest into my Roth IRA, 401K and overall retirement. You can never have enough assets and diversification.
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Pillar of the Community
United States
9395 Posts |
Quote:
The final 15% I'd invest into my Roth IRA, 401K and overall retirement. As far as I know, only earned income can be put in a 401K or IRA, but maybe things have changed? I'd probably put 10% into pre-33 gold coins (both US and foreign), and the rest in a mixture of tangible and financial assets. This would include stocks, bonds, collectibles, real estate (main and 2nd home), as and would be as widely diversified as possible. |
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Bedrock of the Community
Australia
21788 Posts |
I can give you an investment professional level of advice to this question:
This advice is not from me; it was advised to me by a licensed professional investment advisor.
Quote:
"A balanced retirement portfolio should include up to around 5% of your total worth in the area of artworks, stamps, coins or precious metals."
If you wish to invest all of that 5% in gold only, that is OK, and is enirely up to you.
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Pillar of the Community
United States
3210 Posts |
My dads financial advisor is also a family friend. He gave me a one on one for free and told me as I get older to gradually invest in a Roth IRA as it is already taxed initially and that I should do 10-15 percent in my coins or precious metals. I trust this guy as I have known him my entire life and has made my dad quite a substantial sum of money over the years well over 6 figures. Half is luck and half is knowledge
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Bedrock of the Community
United States
12477 Posts |
I think 10-15% sounds good, taking possession and mostly gold for the aforementioned storage and security requirements. Small denomination bullion coins and small bars for ease of selling in the future and maybe a couple of excellent US gold coins to top it off. After that, pay off debt, new car, finish building my house debt-free, IRA and diversify the rest in other assets. I think diversity is a huge part of it. I'm not going to tell you how I'd store it.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/28/2016 11:46 pm
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Pillar of the Community
United States
1005 Posts |
I would probably spend no more than 1% on silver and 2-3% on gold bullion. I'd store the 500 pounds of silver and 15 pounds of gold in a hidden secure area on one of the properties I'd buy with some of the rest of the inheritance.
I would likely put a large chunk of the remainder in high risk stock funds as these might give better ROI. I think then I might use some interest/capital gains to buys coins at a similar pace.
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Valued Member
United States
408 Posts |
What to do with ten million dollars?
1. 1 million in silver and gold to hedge against inflation.
2. Buy about 100 acres of land and get a triple wide trailer to live in. That's actually not that expensive to do.
3. Enjoy the rest of your life. Go around the world. I have. It's fun.
4. If you are smart with your money and not materialistic, you will never have to work again.
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Pillar of the Community
United States
4333 Posts |
Gold and silver would be lousy investments. Maybe hold 10% gold/silver for a insurance against fiat currency.
I'd put my money in real estate or high-end classic cars. Then, travel.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1450 Posts |
Professionals that have fiduciary responsibility to you would say 5% in PM's as insurance against disaster. There is an ETF that does actually buy gold and when you invest with them you are buying actual gold. They have fees one of which is storage. If you have more than a few hundred pounds of PM's then you have a problem. If you keep it in a safe at home you better not tell a soul. If you have to put it in deposit boxes it will cost you. I pay about $250 a year to just hold my sets and that is about 60 lbs. I think 5% of 10 million is about 500,000.
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Bedrock of the Community
United States
12477 Posts |
I was curious so I looked into it and found that $1M in gold is only about 60lbs (at the moment) so not too difficult to store. Although, 1 ozt bars would get you over 850 of them so maybe a little larger bars would be easier.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/29/2016 4:40 pm
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Posted 12/28/2016 3:10 pm
