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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (91090)	1/31/2008 3:37:42 PM
From: bart13	Respond to of 110194

Again, very difficult questions since I don't know you. But a minimum of 5-10% of your entire portfolio in precious metals isn't a bad place to start. Very successful advisers (Harry Schultz is one) recommend as high as 35-45% in both precious metals and their stocks... although I'm not much into stocks and never have been. My long term "core" is about 25% and also contains various gems. GLD is a very convenient trading vehicle and has good volume, but there are some folk who are concerned that the gold either isn't there or won't be there if actual delivery is desired or in some large SHTF scenario. GLD is workable though. Bottom line, and depending on your own take and desire for the "insurance" values of gold & silver, I believe that some of one's position should be in physical gold & silver (allocated accounts offshore is one way - Perth Mint or outfits like goldmoney.com come to mind)... and even some in your personal possession, not unlike having extra cash on hand can be very wise for unexpected events. Pre 1933 $20 St Gaudens (non numismatic - in other words, a "small" premium over bullion) coins are quite aesthetic in my opinion, and also can make interesting conversation pieces. American Eagles are nice too.