Poll: what % of your household net assets are in precious metal bullion?
Baley
Posts: 22,660 ✭✭✭✭✭
to the nearest 10%?
Liberty: Parent of Science & Industry
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I knew it would happen.
count the melt value of rare coins, jewelry, and silverware, picture frames, everything precious metal in PM total
count all paper (stocks, bonds, etc), liquidation value of a business, all real estate equity, resale value of cars, furniture, numismatic value of coins, value of other art or collectibles, any other assets in total assets (to the extent that they're relevant to the total)
feel free to comment in the thread how the relative percentages have changed in the past few years, both due to fluctuations in the asset classses and due to strategic changes by you
Liberty: Parent of Science & Industry
about 50% are in the less than 10% camp (I'm about at 10% myself)
one in eight poll respondents are over 50% weighted in PMs
Liberty: Parent of Science & Industry
<< <i>Is lead in the form of bullets considered precious metals? >>
Very precious!
Too many positive BST transactions with too many members to list.
<< <i>Very interesting results, thanks for your responses.
one in eight poll respondents are over 50% weighted in PMs >>
I agree that this a very interesting outcome. And who can blame these people for saving their money in the form of real money? I think it makes the most sense of all, even those with 80-100% exposure to PMs.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
I knew it would happen.
I am in the 50-59 range but I own basically nothing except an old car and few books/DVDs/furniture.
Adding my wife's assets it will probably go down to 0-9%.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
15k in metals
15k in the stock market
That's all.
My wife has her own investments.
I tried getting my wife to invest in silver when it was $9.50 an ounce but both she and her (our) financial adviser thought that it was a risky and foolish move
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I knew it would happen.
<< <i> I tried getting my wife to invest in silver when it was $9.50 an ounce but both she and her (our) financial adviser thought that it was a risky and foolish move >>
Might be time to seek a new finanicial advisor ! ! !
Hope you "Rubbed It In" GOOD ! ! !
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
25 years ago, I would have answered 80-90% metal (primarily silver), the balance of assets simply an old car, a bit of cash in a savings account.
now, I'm more diversified with metals as an asset class taking 3rd place, behind stocks and real estate
Liberty: Parent of Science & Industry
About $100K net worth and about $40K in PMs. I wouldn't recommend most people going that high but - what the hay!
<< <i>
<< <i> I tried getting my wife to invest in silver when it was $9.50 an ounce but both she and her (our) financial adviser thought that it was a risky and foolish move >>
Might be time to seek a new finanicial advisor ! ! ! :1doh:
>>
No Kidding!!
I could tell you stories about this guy.
He does know a lot about other investments, which makes my wife happy, (you know what they say.... "happy wife, happy life"), but he just doesn't understand precious metals.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I tried to have a lot, but since oil hit $90 and stocks are getting fed money thrown at them as fast as it is printed, I'd say my gold, silver, and Plat have not kept up.
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
<< <i>I just moved up a category this week... anyone else? >>
I moved from 25% in January 2011 to 45% now. I've been busy buying.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Liberty: Parent of Science & Industry
<< <i>My fiancee' removed her retirement funds shortly after I did, paid the penalties, paid the taxes - and we both bought Mint collector gold & platinum bullion heavily in 2008. If we had to make that decision again today, we'd do the same thing. >>
2008 W was a good year for me as well.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Liberty: Parent of Science & Industry
–John Adams, 1826
<< <i>Not tough at all for those who are invested longer-term. I care only what the price is likely to be in five - ten years. Today's market is but a discount market. >>
I heard this in 2000.
Knowledge is the enemy of fear
Gold in 2000: $300/oz.
Platinum in 2000: $500/oz.
Silver in 2000: $5.00/oz.
Dow in 2000: 9,800
I'm just sayin'.
I knew it would happen.
<< <i>I heard this in 2000.
Gold in 2000: $300/oz.
Platinum in 2000: $500/oz.
Silver in 2000: $5.00/oz.
Dow in 2000: 9,800
I'm just sayin'. >>
You know what im talkin' 'bout.
Knowledge is the enemy of fear
I am assuming that with as many metal heads as we have here, the result would change greatly since (i am assuming) relatively few people on the boards have over 20-25k in metals, yet have houses worth many fold that amount.
Im a hair under 20% ('till I get the kilo bar from piecesofme, thanks by the way!!) yet I don't really much else other than my paid off vehicle (which I don't include in my financial assessments) and what I have on my back.
Rg
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Travelog - 20in20travels.com
I got a rough figure of 10%. Yikes. Time to hit the coin shows!
Loves me some shiny!
–John Adams, 1826
jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
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Is there something we should be concerned about concerning precious metals? I really don't think there's a problem, in terms of precious metals valuation. All things considered, I don't see a safer bet right now than precious metals, and that's been true (for me) for at least the past 4 years.
I've got all of my investment antennae up, hoping to see a reason to diversify out into other assets. I don't think I'll budge until after the next election is completed digested. To do otherwise would be absolutely flippin' crazy, in my opinion.
The Euro is not going to be cured. As nuts as it may be, the dollar is seen as the safe haven currency again (at least it is this week), which only gives a big green light to the Bernankes and Geithners of the world to burn through more money creation in an attempt to liquify the US credit markets that are already at rock bottom rates (because they can't attract buyers for such a bogus currency without having the Fed "buy" their own creations).
Financial and currency meltdowns don't even mean anything anymore. They can re-define "money" now, any time they want. I honestly don't know how long they can keep it going before there's a washout of major proportions, and I don't just mean Bear Stearns, Lehman, Citi, WaMu, Fannie, Freddie, Indybank, AIG, GE Capital, Wells, GM, Chrysler, Countrywide, Wacovia, Merrill Lynch (did I forget anyone?).......No, this time I would expect a little more serious trouble than just a few handfuls of TBTF money laundering operations.
Think about it. If the 2008 system failure wasn't bad enough, how bad does it get next time around, and what do ya think they'll do when they get desperate because it can't be fixed with the same sleight-of-hand as last time?
It all comes back to the US Treasury, and the numbers keep getting larger even without the nudge from all the corrupt bailouts and wild spending by congress.
Got PMs?
I knew it would happen.
<< <i>Poll: what % of your household net assets are in precious metal bullion >>
Not much, but it's been dropping at the rate of $2k per day.
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Travelog - 20in20travels.com
<< <i>I bet it felt great as Silver and Gold went from 9oz and 900oz to these levels though. Many nights of champagne I bet!! >>
The hangover is ALWAYS stronger than the high.
Knowledge is the enemy of fear
Now, where did I put my aspirin...?
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
Interesting enough I calculated melt and numismatic as well into precious holdings.
Numismatic is 9%
Bullion is 5%
im up 20% on the bullion
Im up 58% on the numismatic
The remaining 15% is spread between cash, cars, bonds, and diamonds lol
<< <i>I'm scratching my head at the 6 votes in the 90-100% range. How is that even possible? Shopping carts filled with PM's? >>
I sincerely hope they don't have all of their money tied up in PM's, this is as insane as having everything invested in stocks or cd's.