Right now I'm about 5%. That should swing upward within the next week by maybe another 1%, then over the coming year or so another 1%.
At this point in my life I can see the wisdom in having a somewhat fixed dollar amount (relative to other investments) rather than percentages. If you're worth $10M, having 10% of your portfolio in metals would mean $1,000,000. That seems excessive even in a worst case scenario.
Sure, it's fun to fantasize about. But can you imagine what that would mean in physical assets? If you split it 50/50 gold/silver, you'd be talking about 30,000 ounces of silver. That's literally a ton of silver.
And that $500k in gold would literally be a monster box of gold eagles. And if you decide that ton of silver is unrealistic and put all of that $1M in gold instead of a split, you're looking at two monster boxes of gold eagles.
When your assets turn to liabilities, it's time to let up on perceptions.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last. --Severian the Lame
@Weiss said:
If you're worth $10M, having 10% of your portfolio in metals would mean $1,000,000. That seems excessive even in a worst case scenario.
$1M protecting $9M is not excessive. Consider the metals a hedge.
"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
Comments
I'd say 5%-10%
Here's a warning parable for coin collectors...
Right now I'm about 5%. That should swing upward within the next week by maybe another 1%, then over the coming year or so another 1%.
At this point in my life I can see the wisdom in having a somewhat fixed dollar amount (relative to other investments) rather than percentages. If you're worth $10M, having 10% of your portfolio in metals would mean $1,000,000. That seems excessive even in a worst case scenario.
Sure, it's fun to fantasize about. But can you imagine what that would mean in physical assets? If you split it 50/50 gold/silver, you'd be talking about 30,000 ounces of silver. That's literally a ton of silver.
And that $500k in gold would literally be a monster box of gold eagles. And if you decide that ton of silver is unrealistic and put all of that $1M in gold instead of a split, you're looking at two monster boxes of gold eagles.
When your assets turn to liabilities, it's time to let up on perceptions.
--Severian the Lame
Ummmm
$1M protecting $9M is not excessive. Consider the metals a hedge.
"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