How Much Gold Is Enough? - Page 2 - Coin Community Forum

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llewellin Pillar of the Community United States 1005 Posts	Posted 12/29/2016 12:58 am 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. Report this Post to the Staff
joeysanders627 Valued Member United States 408 Posts	Posted 12/29/2016 02:52 am 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. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 12/29/2016 04:52 am 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 Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 12/29/2016 4:28 pm 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. Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 12/29/2016 4:38 pm 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 Report this Post to the Staff
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