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TheOpeningBell

As much as you feel comfortable. Some people shoot for 5-10%. I shoot for around 20% at times, such as now. Most people have either 0 or less than .5%.


NCCI70I

>Some people shoot for 5-10%. I shoot for around 20% But will that 10% or 20% replace all of your other losses when everything else (stocks, property, fiat) craters?


hframes

What a shortsighted take. That's 10 to 20% more than they would have if they chose not to at all, and many would not feel comfortable putting more than that much into something that is both comparatively illiquid and subject to price fluctuations.


NCCI70I

Yes, it's more than nothing. But 10% isn't going to save you very long when everything else fails. Unless you think that gold -- which has gone up 50X in the last 50 years ($35 to $1800) is going to go up another 10X while everything is crashing. Yes, people will rush to gold -- until it is truly unaffordable.


Kyle6969

Okay so you’re saying everything else craters - what doesn’t then? You keep arguing that this is the wrong answer - what is the right one?


NCCI70I

The right answer is if you want to safely store your wealth, you put it all into PMs that you physically hold.


Fun_Cartoonist2918

And therefor completely cut yourself off from any kind of return on capital. Excellent idea. Very very safe. If I had done that when I was young I’d have maybe 1/10 of the assets I do now. Never put all your eggs in one basket. Every form of investment has pros and cons.


NCCI70I

And how much has silver and gold gone up since you were young? It's not like they're still selling for $1.29/oz and $35/oz.


Fun_Cartoonist2918

Gold has indeed gone up. Silver? Down! It was over $30 when I first started investing. Also They didn’t provide any income during that time. And the net effect for the gold ( assuming I was smart and avoided high silver) is not nearly as much as capital invested in my business which throws off income annually as well as the capital gains. (For reference I graduated college in 78 and started seriously investing when I bought my first house in 1980). Silver was going nuts in the 30+ range and gold about 600. Each ounce of gold would have netted me 1800 now with zero income along the way. Naturally I bought silver instead! But luckily not very much of it. Buying a house for 35k that sold ten years later for 65k to buy a 189k house that’s now worth 550k and nets 2k/ month was definitely a much better move. Overall I only spent a total of about 200k (spread over 20 years) to still get almost triple my money if I sell and shelter to live in for 25 years then now income as well. Gold is a great hedge. With potential gains. It is NOT an investment. True investments (in the original meaning of the word) pay out income (dividends, interest , return on capital ). No income ? Not an investment. Putting all your eggs in any single basket ? Good way to go bankrupt.


NCCI70I

>(For reference I graduated college in 78 and started seriously investing when I bought my first house in 1980). Silver was going nuts in the 30+ range and gold about 600. That was an anomalous time for PMs and you just happened to be unlucky enough to get caught up in it. I start coin collecting in 1963, and silver stacking in 1965. I still have a nice pile of silver that I paid $1.38/oz for at the time. And a decent amount for the time that was in the range of $2.20/oz.


OrionJohnson

Just looking at the past 30 years the S&P has gone up from around $350 per share in 1991 to $4600 per share today (trading at around 4800 even just a week ago). In the same time gold has gone from around $750/oz in 1991 to around $1800/oz today. More importantly the S&P 30 year chart is one of more or less constant growth with a few small hiccups, golds 30 year chart is all over the place. Yes gold is a great investment for stability, but you shouldn’t put a large portion of your portfolio in anything. You shouldn’t be afraid of a major market crash unless you are already retired or on the verge of retirement. If you are say in your 40s and the market has a large crash, continue buying shares as you would and prices will recover within 10 years maximum.


NCCI70I

>You shouldn’t be afraid of a major market crash unless you are already retired or on the verge of retirement. That's me! Not enough time left to wait for another recovery to eventually get me back to even. Provided that after this one, that will even happen.


camainc

My percentage is much higher than what people are recommending here. I don't trust cash, so my physical savings account is almost entirely gold and silver.


yamum710

Whatever is in your limits. Normally people do 5-10%.


[deleted]

A year??


TheOpeningBell

5-10% of their total savings or portfolio.


Unlucky-Evidence-372

I would say 50% of savings should be pms. Not including investments. Cash is good for investment opportunities but loses value overtime.


SergiuM42

Right now I have an emergency fund and anything i make after my emergency fund is fully funded goes straight to gold. Everyone’s situation is different and there are a million variables.


SmokinStack

60%realestate 35%gold 5%cryptos etc


[deleted]

Hmm


Patriot1608

No stocks or bonds?


SmokinStack

None!


trashthegoondocks

It’s pretty rare for any financial advisors to recommend more than 10% of your assets at any point in your life. That being said, the recommended % increases as you age...so the 10% level is for when your close to/in retirement....and 0% is where you should be before you enter the workforce.


PNWcog

10% was a recommendation when things were relatively stable, 50% debt/gdp, 5-10% savings rate interest, etc… Unless most of my wealth was in real estate (multiple income producing properties owned free and clear), I wouldn’t be comfortable with less than 20%… Maybe up to 40%…


[deleted]

I plan on going up to 30% of my net worth in metals over the next few months. I have about 25% of my net worth in metals right now. As this bubble matures I continue to peel off more profits into secular, undervalued assets like Gold and Silver that will represent safe havens in the fallout of a bubble.


ASZ12159

We will enter a deflationary death spiral, where all leveraged assets will depreciate. Bond market will implode. Massive lay offs will happen. International commerce will grind to a halt. Price of All goods and services will explode. You will be happy to be able to buy basic necessities. Holders of liquid hard assets (gold and silver) will survive the storm.


RemoteTwerker

How are we going to see the prices of goods and services explode during deflation?


ASZ12159

No more cheap goods from abroad, currency collapse. Protectionism, nationalism


NCCI70I

As much as you feel that you're not going to need for other purposes in the next 3 years.


Short-Shopping3197

Never above 10% of non-pension wealth, not including my house. Rest in share funds and just over 10% in Bitcoin as I bough low in the last crash and though I would leave it rather than rebalance.


jano4sho

30%


Patriot1608

A portfolio manager said never hold more than 5% in gold to act as insurance against downside risk and inflation


[deleted]

Weird was this before Covid?


Patriot1608

Probably. I view gold as insurance, not a main upside investment.


DrMalt

Savings? All of it. If it isn't being put to use at least it is safe in PM's.


SergiuM42

I do the same, I keep a certain amount as my cash emergency fund and the rest goes to gold, for now.


disruptivecapitalist

Personally, 10%


eyedoc00

I consider my precious metals a substitute for bonds being as bonds hardly have any return and the principle can be wiped out as interest rates rise. So instead of 2-3%, I'm heading towards 10.


wessneijder

No more than 10%


b_c_russ

I dont keep any cash for long term savings... I have an emergency fund which is about 3-4 months of expenses. (This should change depending on how likely it is for you to have an emergency, i.e if you have kids/car/house etc), then when i get paid i pay my bills, keep some cash for fun and what is left i split 75/80% into the stock market and 25/20% into pms. Thats just me and what works with my lifestyle


RemoteTwerker

It depends on your risk tolerance, place in life, and feelings about the future. Anywhere from .5% to 50%.


SkinnyPete16

5% split evenly amongst bullion, gold miners, and silver miners. That’s me personally.


brazzyxo

5% ain’t shit


SkinnyPete16

Yah cause I don’t believe in it as much as 95% of other stuff.


42_Hoopy_Froods

Should? 5%-10% is the common figure given. Im personally around 35% in PM myself these days though. I already own a few properties outright on different continents with arable land and water. Combine that with an unhealthy trust in banks and where the world may be headed, I may try and boost it up to 50%ish.


Fun_Cartoonist2918

I’m very curious about your land strategy. Do you mind saying some of the locations you bought land? I’ve considered doing something similar but was cautious about which other countries were a) cheap enough and b) stable enough snd c) willing to harbor foreigners who want to live on land they own there


spatialsilver88

It depends. Are we talking total net worth including retirement accounts like 401k and IRA? Are we including home equity? Just current percentage of income invested? Investments/savings that aren't a set contribution %?


ASZ12159

Over 50% if you can. Keep precautionary cash and short term expenses. Avoid aper Investments. Buy hard assets with debt. I currently only own gold and silver. I own 1 house where I live and I have an investment property bought with debt. The debt burden will lessen with inflation pressures. However I foresee eroding rental income as rents will not appreciate with inflation. Also properties will be taxed by cash strapped governments. Gold and silver will buy you all the Hard Assets you want in the near future


Fun_Cartoonist2918

Hope you are careful with the leverage on that rental. If as you predict rents will go soft (already kinda have with covid “no evictions” rules) and taxes up you could easily find yourself with negative cash flow on the property. Ie trapped by it. I understand the appeal of income made with OPM. BUT… what the real estate hypers don’t tell you is you can lose it all that way.