MoneyLA aint going to approve of this
Justacommeman
Posts: 22,847 ✭✭✭✭✭
Cramer is fawning over gold right now. Say's you should have up to 20% allocated in gold.
He went on to state that total "universe" portfolio allocation in gold is currently only at 0.3%. When in gets to 5% it's probably time to rachet down from 20%.
In miners he continues to like AEM, EGO and NG.
You may be asking yourself, "Why is MJ watching Cramer?". Actually my remote fell under the sofa and I can't reach it. I really don't feel like retreiving it at this point in time.
MJ
He went on to state that total "universe" portfolio allocation in gold is currently only at 0.3%. When in gets to 5% it's probably time to rachet down from 20%.
In miners he continues to like AEM, EGO and NG.
You may be asking yourself, "Why is MJ watching Cramer?". Actually my remote fell under the sofa and I can't reach it. I really don't feel like retreiving it at this point in time.
MJ
Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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By golly, that means you also need:
15% in silver,
5% in palladium,
2.5% in platinum...
Sounds great to me!!!
roadrunner
He also said he has been recommending Gold since 2000!
He also said "this should be your number one investment."
Opened the show with the beauty of Gold. He has been closing his shows with the advocacy of Gold ownership.
I too have eloquently and habitually misplaced my "remote control" during his time slot. Only because he is talking up one of my favorite topics, though.
He finished by saying here has been no better investment since 2000 and Gold is the ONLY and best currency accepted worldwide.
Sinclair is rolling his eyes as we speak.
Miles
BTW, I miss MoneyLA. What a wimp. Come join us.
20% of your net worth?
20% of your investment portfolio?
20% is greater than nothing, I suppose.
I just perfected my spreadsheet, so I know what my percentages are now.
I knew it would happen.
Yogi Berra
<< <i>If Cramer says 20% the end is near >>
The doomsday PM clock is ticking.