I agree, but I think keeping about 10% is better. I realize people look to metals as a hedge against inflation. I don't think it's very rational though. It's almost like saying people look to tulip bulbs as a hedge against inflation. I just don't think gold and silver are really all that useful.
60% of net worth invested in silver
- Thread starter turkeyneck
- Start date
I agree, but I think keeping about 10% is better. I realize people look to metals as a hedge against inflation. I don't think it's very rational though. It's almost like saying people look to tulip bulbs as a hedge against inflation. I just don't think gold and silver are really all that useful.
M
morganist
Precious metals are finite. They cannot be produced in greater quanities that already exist. Tullip bulbs can be produced on a greater scale. The ultimate aim of a currency is that it cannot be reproduced to dilute the value of the currency.
Quote from shortie:
Donna Badach = Peilthetraveler
Sherlock Shortie Out
Ha!
Sorry, Even with this last purchase I made this week at $38 per oz,my average cost is still about $18.82 per oz...well below Donna's $25 per oz average. I've only been buying since June 2009 too.
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T-Neck;
Interesting , a sand state MB, sure of a $100 /oz silver price
Even more interesting, Mr Soros sold his gold & silver ''recently'' that WSJ [5-7-2011 ]article said....
Assume that WSJ got it right, on Mr Paulson still bullish on gold ??I dont know anything about Mr Bass Hayman;
but even if he bought the hi/fri[5-6-2011] & he may well have gotten a better price than siver hi/fri. The long term trend [1 yr,10yr]is still up.May low, frankly , is below APR lo/bearish....
That 55 yr old retiree maybe right in''dont believe correction will last long.''
However counter trends [corrections]may not 'last long'', but still can take out a huge %% . Not a prediction, that would be a better scale in buy if it did
M
morganist
Considering the mess the Ivy League economists have made of the economy, which they clearly have otherwise we wouldn't be discussing the best against a currency devaluation, I wouldn't pay them any attention.
Most of the empirical research I have seen (not academic Ivy League type that you so frown upon) suggests that commodities (incl precious metals) aren't actually the best-performing asset in a highly inflationary environment. So if the past is to serve as a guide, precious metals are good, but not the best. The beauty of owning them (talking my book a little, since I own quite a bit of gold) is that they're a good hedge for both non-linear extremes and that's unique. So owning precious metals is very much like being long a wide strangle: you have to pay, but it's good to own them wings.