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I hate to say this, I really hate to say it, but ...

MesquiteMesquite Posts: 4,075 ✭✭✭
in Precious Metals
“I hate to say this, I really hate to say it, but I think every family, every single investor in this world has to own precious metals and they should probably be the largest percentage weighting in their portfolio. I’m not talking 100%, but I am saying 20%, 30%, 40%, whatever you’re comfortable with.” Steven Leeb, King World News - blog.

Here.

I agree entirely.

There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
–John Adams, 1826

Comments

  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Only time will tell, I'm happy with keeping 5-10% in gold, don't currently have any silver though.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Gold and silver are presently dropping on the Fed news... however, being a long term holder, I am not worried. Cheers, RickO
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>“I hate to say this, I really hate to say it, but I think every family, every single investor in this world has to own precious metals and they should probably be the largest percentage weighting in their portfolio. I’m not talking 100%, but I am saying 20%, 30%, 40%, whatever you’re comfortable with.” Steven Leeb, King World News - blog. >>



    I'm doing my part.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Yep.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OzzyAndyOzzyAndy Posts: 344
    Does he look at what's doing best and recommend that (like many financial advisors)? Would have had credibility if he recommended it 5 or 10 years ago.
    Still thinking of what to put in my signature...
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    I'm doing my part as well. Bought some of each on Monday and Tuesday. Bernake's speech put the PMs back to where they were two days ago (just background noise). Me thinks that no one is listening or, if they are, they don't really give a damn what he has to say.
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • RedTigerRedTiger Posts: 5,608 ✭
    The name Steven Leeb doesn't ring a bell. Any chance that he might "shine shoes" for a living? (inside joke about another post and 1929)

    /edit to add: I did a search and turned up Leeb Capital Management. They give their performance record at their site, which is above average considering the ballpark they play in. A person might wonder about their gold allocation back in 1999 at the bottom, if they are weighting it so heavily now.

    Investment blog: gold, stocks and more
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Leeb has been ahead of the curve for the most part. Investment letters when out of fashion in 2008. His was no exception. 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......
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,359 ✭✭✭✭✭
    I'm there.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    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
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    I am "comfortable with" all of my allocations. 110%. Have been since 2001.

    Thanks Mr. Leeb for the vote of confidence!

    Miles
    Now riding the swell in PM's and surf.
  • BearBear Posts: 18,953 ✭✭✭
    Gold that will be repriced Internationally, will first

    be limited as to % ownership and then may be sold

    only to the Federal Government. The Feds of the world,

    must control the price of gold, to give a measure of value

    to our ersatz currency of the world.
    There once was a place called
    Camelotimage
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    Welcome to the thread Bear!!

    Now all the big hitters/investors are here!

    Miles
    Now riding the swell in PM's and surf.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Gold that will be repriced Internationally, will first

    be limited as to % ownership and then may be sold

    only to the Federal Government. The Feds of the world,

    must control the price of gold, to give a measure of value

    to our ersatz currency of the world.

    I hope not Bear, but it could happen. We've seen this movie before. Things always repeat, but not always in the same exact ways.

    That's what tends to worry me a bit - not always in the same ways. I'm thinking of investing in honey, myself.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>I am "comfortable with" all of my allocations. 110%. Have been since 2001.

    Thanks Mr. Leeb for the vote of confidence!

    Miles >>



    I've been 100% invested in PM's since 2002 and sleeping like a baby every night.

    Even when those 50% drops hits us once in a while. It's still all good.

    Don't want to be invested in anything else.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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