Slider,
I understand your point. I guess I'm just trying to find some more "rational" reasons for plunging more into precious metals. The reason I even brought it up in the first place is that I have to make a decision about where to park a fairly hefty sum of money as part of an asset protection plan. I have a fair amount of money in precious metal stocks via a roll over IRA and 401k plan already, but I also have more that is currently being invested in a plan that has a limited downside risk of 1% a year, but a maximum upside of 15% a year. Even if it grows by the max of 15%, it is still eaten away by inflation I assume. So, I wanted to put up a good argument to my asset protection advisor that the money should be at least in some part, in gold. He showed me the chart that showed gold peaking in 1980 and coming down fast thereafter. He thinks it is risky, and I understand that everything is to some degree. But I think it is also risky to let savings be eaten away by inflation.
I read everything you write and I am trying very hard to change my thought process, but with a wife, four kids, a busy work day, etc.. and probably a limited financially geared mind, I have a long way to go. But I am trying "skate to where the puck will be." So where should one put about 200K with the idea that he will need it in about 10 -15 years is my "problem." I just don't want it to devalue via inflation or through unnecessary risk. I see banks(savings,cd's,etc) and brokers as risky, more so than gold. I want to be aggressive but smart. I don't want to be one of the crowd that just keeps making the same mistakes. I want to protect my family and our future.
Thanks Slider. I'm learning more and more every day but have a long way to go. I appreciate your input. Kpain. |
