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 Replies: 11 / Views: 1,940 |
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Pillar of the Community
United Kingdom
616 Posts |
Poll Question
What percentage of an investment portfolio should be in Precious Metals?
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Pillar of the Community
 United Kingdom
616 Posts |
I mean Physical Precious Metals.
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Pillar of the Community
Canada
4944 Posts |
I think anything over 5% could be risky. You're better off sticking with stocks, and bonds in my opinion.
The price of bullion is very volatile.
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New Member
United States
31 Posts |
Mine is currently 0%. I started buying silver mint issued bullion coin 3 months ago only for asset diversification (and to enjoy the physical beauty of mint issued coins). I don't consider it an investment as I have no intentions of selling it, whether spot price drops to $5/oz. or runs back to $50/oz. I continue to buy on dips, up to conservative limits. Ultimately, I am probably comfortable with between 5-10% of net assets in physical PM. Maybe I see it more a financial insurance policy that I hope I will never have to use some day. Then, I can pass the policy down to my son.
As an investment, that seems tough.. dubious spot price action, LARGE premiums to pay just to be able to hold the physical. It seems PM stocks or stock mining companies would be less overhead and quicker to flip in and out of.
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Pillar of the Community
Canada
2019 Posts |
100% baby ..  Well then again you might wind up like this guy..  $7 million in gold found in house of Nevada recluse! Quote:
A quiet recluse who died with $200 in his bank account surprised Carson City, Nev. officials when they were inspecting his run-of-the mill home to put it up for sale.
Inside Walter Samaszko Jr.'s 1,200-square-foot house, officials found stashes of gold coins and bullion.
$7 million worth of it. Quote:
According to the local newspaper, Samaszko, 69, lived in the house with his mother since the 1960s. His mother died in 1992. Glover said neighbors knew little about him other than that he was quiet and not a problem.
"He didn't socialize. He wasn't exactly a hermit â€" he shopped for groceries and talked with at least one elderly neighbor." Glover told the Times. "In his garage was a 1968 Mustang he bought new."
"He never went to a doctor," Glover said. "He was obsessed with getting diseases from shots."
There were some conspiracy theory books in the home along with several guns and $12,000 in cash, according to the Daily Tribune. http://news.yahoo.com/blogs/sidesho...0706645.htmlEdited by Northerncoins
06/08/2013 2:31 pm
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Pillar of the Community
United States
3789 Posts |
I think owning some gold and silver is a MUST. I also feel that you should own both physical AND market related assets for investments, 6-10% and split it in half.
therefore of ones investments, take 5% into GLD and 5% into physical gold coin. Keep increasing this amount so long as you keep investing into the market.
Silver should receive the smallest allocation, 1%. Way too volatile and highly speculative, gold is the king.
I would stay away from gold and silver mining stocks, they are not worth investing in. Even from my viewpoint as a trader, they are not worth the time to trade except to sell short as they are great at disappointing investors lol
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Bedrock of the Community
13014 Posts |
Id say anywhere from 1-10 percent is reasonable as a just in case. If you have a lot of money up to 20% but would never cross that unless youre already in the process of drafting armies for a civil war.
If you like the coins its kills two birds with one stone having a hobby that you enjoy and getting things of value, as a pure investment I dont really like it right now though
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Valued Member
Canada
95 Posts |
I only invest 5 percent. I told my kids to sell the bullion when sivler hits 50 dollars, but try to keep the proofs. I hope they never need the money and keep all of it, and start their own collection.
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Pillar of the Community
Japan
666 Posts |
25% ... I'm adding to this share numismatic items as well.
For last three years by buying and selling PMs in different form I've made much better return than I've did with stocks ... options are out of consideration here as it required constant trading so it was not an investment per se.
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Valued Member
United States
410 Posts |
I would go with the classic recommendation of no more than 10%. I'm currently at less than 1% and that is just proof coins that I like.
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Pillar of the Community
United States
5825 Posts |
I voted between 16-20%, but I think now I have more than 25%! Need to cut back!
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Pillar of the Community
United States
4333 Posts |
I'm below 10% physical, but it's insurance not an investment.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 11 / Views: 1,940 |
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Posted 06/08/2013 12:05 pm
