Poll: what % of your household net assets are in precious metal bullion?

mrearlygold · December 15, 2011 12:35AM

Whatever it was is less now

jmski52 · December 15, 2011 12:36AM

<>

The number of ounces didn't change then unless you bought or sold. The value of the dollar changes, and the speculation that surrounds the value of the dollar changes even more. But the ounces will still be there.

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.

I used to be a big proponent of portfolio diversification - yep, balance those portfolio components to have high negative correlations with each other. Minimize the portfolio risk. Minimize the market risk. Good stuff.

With every scandal and every report of gross mismanagement, gross negligence and *outright theft* I began to change my view. I must be insane, because I'm out of paper (except for cash) and plan to stay that way until Congress and the financial houses are cleaned up and the debt problem is brought under control. This could take awhile, couldn't it?

This isn't your father's economic world any longer. PMs and cash. I don't feel insane, but that's what they all say.

One last wrinkle - I do see some advantage to a numismatic component in some of my pms, because the numismatic premium does tend to buffer market moves in pms just as the precious metal premiums tend to buffer moves in the dollar that affect pm pricing.

Kd5ddo · December 15, 2011 10:28AM

<< I do see some advantage to a numismatic component in some of my pms, because the numismatic premium does tend to buffer market moves in pms just as the precious metal premiums tend to buffer moves in the dollar that affect pm pricing. >>

Interesting point. That is something that I've started to realize this past year.

People keep saying that this time is different, or that its the same thing. Every generation seems to have a major economic issue. Sometimes it credit strains, or a gas crisis, or inter nation this, or world war, or take your pic. Everytime its some reason, albeit different reasons, but its always an impending doom overhanging our heads.

Baley · April 2, 2012 2:10AM

I've been buying platinum and silver, yet their percentage is declining

jmski52 · April 2, 2012 3:45AM

I've been buying platinum and silver, yet their percentage is declining

You are averaging-in on the downleg. Things could be worse.

perkdog · April 2, 2012 8:57AM

<< 

<< 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. >>

Agreed, I firmly believe in the "Variety is the spice of life" and "Dont put all your eggs in 1 basket" theories.

I feel secure having cold hard cash in a savings account, sure its not working money but it's safe money regardless of what some people think, The gambler in me has about 15% in a stock portfolio divided in 50% low risk, 40 % medium risk and 10% high risk, I got about 100 ounces of Silver in which I add a bit here and there, Im a coward when it comes to putting my money out there mainly because I know all too well what its like to not be able to afford heat and Food and never again do I wish to be in that position.

pf70collector · April 2, 2012 11:35PM

I plan on being in 46% cash/50% PMs 4% Stocks for the immediate future. Its not the economy I am concerned about. Just the debt crisis that is looming.

dpoole · April 3, 2012 1:27AM

I included real estate in the assets. Presuming that others did as well, I am surprised that so many have such lofty percentages in PMs.

I'm right at 10% PM, and feel comfortable with that. I've been out of the froth of stocks for awhile.

Baley · May 17, 2013 1:39AM

Wonder if anyone's percentages have changed in the year or more since they voted?

I'm down to 6% metals now, combination of metals declining in value and everything else going up.

tlake22 · May 17, 2013 2:54AM

its hard not to. I own a coin shop.

OPA · May 17, 2013 4:41AM

Mine used to be around 10%, but with the stock market run up & the huge drop in PM price, I think it's below 5% now.

The 36 who indicated a 50%+ ratio of PM to total assets...well my condolences.

s4ny · May 17, 2013 4:49AM

Around 5%, I am mostly in stocks.

Banemorth · May 17, 2013 4:54AM

My entire numismatic collection is probably worth about $10k. Home equity, cars, 401k, etc. is probably about $240k. Puts me firmly in the bottom category

johnny9434 · May 17, 2013 5:28AM

ill do 5% sometimes more up to 10%

mrpaseo · May 17, 2013 6:09AM

When this thread was started I was at 0-1% since I was not stacking PMs and had a few in my coin collection that could have been called PMs. Today, I am slightly above that at 2.06%.

Where would I like to be? At about 8-10%

OPA · May 17, 2013 6:12AM

<< When this thread was started I was at 0-1% since I was not stacking PMs and had a few in my coin collection that could have been called PMs. Today, I am slightly above that at 2.06%.

Where would I like to be? At about 8-10% >>

Sorry to hear that, and you've been "under water" since.

mrpaseo · May 17, 2013 6:27AM

<< 

<< When this thread was started I was at 0-1% since I was not stacking PMs and had a few in my coin collection that could have been called PMs. Today, I am slightly above that at 2.06%.

Where would I like to be? At about 8-10% >>

Sorry to hear that, and you've been "under water" since.

>>

It's all relevant

If I average ALL my PMs, I am still in the green thanks to some Christmas gifts I have received over the years (A few pieces of Gold) as well as some 1/10 oz AGEs that I purchased south of $30 each

.

Now, if I consider only the PMs (Silver) that I have purchased this year (Since I started stacking)... well then, you are correct, but again I must say that the current status of any stack in relevant to the need of said money tied up into them in that a profit/loss is not firm until one sells the asset.

If things go my way, I am 100% under water. I would like to leave my stack to my Daughter someday. Hopefully I live long and prosper and the stack is a large one by the time I hand it over

Edited to add: Or better yet, pried from my cold dead hands.

Best,
Ray

pragmaticgoat · May 17, 2013 8:41AM

61.87% now

RedneckHB · May 17, 2013 8:52AM

<< I've been buying platinum and silver, yet their percentage is declining

You are averaging-in on the downleg. Things could be worse.

>>

Indeed.

JohnnyCache · May 17, 2013 10:43AM

Non-Numismatic
Black Swan Insurance

PM's <10% NET

Holding at this level, adding only for variety/fun.

Baley · October 20, 2013 4:41AM

Interesting discussion from 2011 to present, how are we doing these days?
I've been adding metal here and there for the past 3 years, yet the percentage metals represent of the total keeps declining..

piecesofme · October 20, 2013 4:51AM

Why would I reply to a post that's almost 3 years old? oh, wait a minute

RedneckHB · October 20, 2013 4:55AM

POM,

How did you get that pic of my mother-in-law?

LochNESS · October 20, 2013 1:05PM

I am shocked that this thread has received so much traffic. When I posted a thread on the Darkside boards about the relative value of our collections, I got a dozen PMs about "don't share that info in public" and "you should delete your OP immediately before it gets cached in Google searches" etc. … …

I answered this poll under 9% because doing the quick math in my head that is the answer!

Bought my first 10-oz Ag bar at a local show when I was in middle school. Have been acquiring and selling ever since then. I get more enjoyment out of the flipping than the stacking. It teaches me patience, since a profitable flip [usually] requires as much.

derryb · October 20, 2013 11:53PM

just realized I never answered the OP.

My savings are 95% gold and silver bullion eagles and gold collector coins. Family's IRAs (with withdrawal eligibility) are 100% silver ETFs because the volitility allows me to profit in both directions. Trading in collector coins and occasional ETF profits builds the stack.

jmski52 · October 21, 2013 2:33AM

Does copper count?

57loaded · October 21, 2013 3:30AM

Much less than when this thread was started. I am not waiting to "back up the truck", either.

Although buying/rebuying in this market is not a bad idea.

TwoSides2aCoin · October 21, 2013 3:26PM

Too much to buy more and not enough to sell at this level. That's a good percentage.

Baley · December 2, 2013 8:51AM

<< Does copper count?

>>

If copper, nickel, zinc, aluminum, or any other metal represents a meaningful % to you, then yes.

s4ny · December 2, 2013 9:15AM

<< Around 5%, I am mostly in stocks. >>

3% PM's now. Sold some gold at 1420 and stocks rose in price so
make up a greater %. Real estate slowly rising also.

Warming up to real estate as the most undervalued asset now.

jdimmick · December 2, 2013 9:40AM

0%

VanHalen · December 2, 2013 11:07AM

Currently about 5% but it was nearly 20% back in Jan. '11. I was fortunate to sell off much of my Au, Ag, & Pt in 2011 and 2012.

We are approaching the price levels where I last made significant purchases in 2010. $18 Ag and $1100 Au.

BAJJERFAN · December 2, 2013 1:42PM

Not enough to get excited about.

DeepCoin · December 3, 2013 12:47AM

I am about .005% as I took my profits on the first big run up and have focused on other things since. My max threshold is about 3% when I am bullish on gold. I believe in a diversified portfolio and that has worked well over the years. A recent evaluation over the past 9 years including the crisis reveals an average 11 percent return with no major changes in the mix. The bad years (2005-2008) were offset by the good years since with one exception (2011). I did not cherry pick the data, it is just how long I have been tracking the portfolio in detail in preparation for retirement.

fiveNdime · December 5, 2013 5:46AM

<< how are we doing these days?
I've been adding metal here and there for the past 3 years, yet the percentage metals represent of the total keeps declining.. >>

too bad i can't invest the same amount in PM as the increased value of my house.

ARCO · February 16, 2014 8:50AM

60K in silver back in 2011, now worth about 30K. 40K in coins. Coins and bullion represent about 10-15%

pf70collector · February 16, 2014 8:54PM

All my PMs are in collector gold/silver mostly graded in the 70 range and mostly bought directly from the mint and sent in for grading. I sold close to 30% of my holdings last year(2013. The drop in gold/silver did not effect me that much when I sold. I will not stack regular ungraded bullion. Not planning on buying much PMs this year except maybe the gold Kennedy. Probably will even ignore the possible low mintage spouses this year.

Baley · September 27, 2014 1:12AM

mostly graded in the 70 range

in the 70 range . . . so mostly 69, 70, and 71?

BAJJERFAN · September 27, 2014 1:46AM

<< mostly graded in the 70 range

in the 70 range . . . so mostly 69, 70, and 71? >>

70, 70-, 70+

pf70collector · September 27, 2014 2:22AM

Mostly 70s range meant at that precise grade.

OPA · September 27, 2014 3:28AM

Less than 2% in bullion....3% in PCGS graded FS 70 coins ... 15% cash

jmski52 · September 27, 2014 10:06AM

My cost basis continues to increase as I continue to average in, and I'm adding more ounces than I was a couple of years ago.

tneig · September 27, 2014 10:29AM

household net assets.. humm

Does that include the amount we hide from our wifes? Or what they are hidding? Oh my..

Edited: Oops. About 10%.
It increases as I spend cash from my IRAs. At some point these lines will cross and I'll be cashing in PMs, so it will start to swing the other way back and forth until I am broke, as planned.

Baley · March 13, 2015 2:21PM

That's some interesting data

jdimmick · March 14, 2015 3:19AM

zero

I hate the stuff

JohnnyCache · March 14, 2015 7:24AM

<< I've been adding metal here and there for the past 3 years, yet the percentage metals represent of the total keeps declining.. >>

Same here, though I haven't been adding significantly for several years now.

I add for the sake of variety, where I get enjoyment from adding in different designs, sizes, shapes and makers.

Even still I end up putting back about 200 oz of silver and give or take 2+ oz of gold a year.

I'm < 4% of net in pm's with the down trend in pricing.

I never intended to sell any, it is insurance, inheritance and a bit of a hobby for me all rolled into one.

That said, peak to trough, a huge perceived value has been vaporized.

Timbuk3 · March 14, 2015 3:43PM

Around 15% !!! :-)

Baley · November 23, 2016 10:23AM

@DoubleEagle59 said:
<<

<< 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.

Well, it turns out that that financial advisor wasn't so stupid after all, was he?

It's too bad the poll results didn't survive the latest "forum change", as they were quite interesting.

I'm back down below 10% again, and will be looking to add gold if it falls below $900 and silver below $12.

bluelobster · November 23, 2016 2:32PM

I was at about 5% in 2011 now 3 1/2% just because of price drops, and equities rising, might add some of that weird platinum in a year or so if it stays low.

VanHalen · November 23, 2016 7:24PM

What percentage of the members posting to this thread are now banned?

Please post a correlation of the banned members % of household net assets in precious metals to that of those not banned.

Poll: what % of your household net assets are in precious metal bullion?

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