• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Put 10% of assets in PMs

Ebie

Midas Member
Midas Member
Joined
Apr 9, 2010
Messages
7,246
Likes
1,644
#1
That is what most PM experts say.
But what do they recommend for the remaining 90%?
They generally don't say.
 

Thecrensh

Gold Member
Gold Chaser
Joined
Jun 26, 2013
Messages
4,488
Likes
5,043
#2
10% of zero is still zero.

IF I were to have any PMs, it might actually constitute a large % of my net worth. If.
 

Howdy

Silver Member
Silver Miner
Joined
Nov 26, 2015
Messages
1,005
Likes
1,152
#3
I wouldn't want to put more than 10% of my wealth in paper assets. I don't trust PM experts who suggest paper assets. Isn't that what they're doing (in a roundabout way) by suggesting only 10% in PM's?
 

Thecrensh

Gold Member
Gold Chaser
Joined
Jun 26, 2013
Messages
4,488
Likes
5,043
#4
I wouldn't want to put more than 10% of my wealth in paper assets. I don't trust PM experts who suggest paper assets. Isn't that what they're doing (in a roundabout way) by suggesting only 10% in PM's?
Real estate is probably included in there as well. Art as well?
 

stAGgering

Silver Miner
Seeker
Joined
Apr 11, 2010
Messages
746
Likes
407
#5
That is what most PM experts say.
But what do they recommend for the remaining 90%?
They generally don't say.
As we all know here, do what you have to do with your investible amounts.
Some of us are out of the "system" and paper assets beyond currency essentially out of reach.
Real Estate falls within the systems parameters.
Art can be traded outside the system, but one must know the correct people.
I find it very interesting, how those outside the system are holding what most will need when system adjusts.
Silver, Gold, Platinum, Palladium, Copper, Crypto, and to some degree; Cash, productive Farmland, art, diamonds etc.

10% is extremely conservative and opportunity limiting, if one is outside the system.
90% in physical metals allows one to grasp ahold of opportunities with no trace left behind.
To trade amongst said physical assets, from wall hanging art, to silver in ditch low prices.
ALL paper is a risk and amazing fabricated opportunity.
Exiting paper promptly, when threat is identified is a trained ability or gift.
Not exiting, with profit, to an asset which maintains wealth, is the majority.

Mathematically, the suffrage which approaches, will teach many how exiting works.
Sadly, after the fact which is how and why history repeats.
Today, tomorrow; next week, next year; I do not care.
Passport, liquidity, contacts and considerable research.
Prepare for the worst and contently hope for the best I say.
If you do not have it, you do not own it; as possession is 9/10ths of the LAW.
PEACE.
 

Mr Paradise

Midas Member
Midas Member
Joined
Dec 3, 2011
Messages
7,155
Likes
7,518
Location
Lake Superior
#7
Young people are not only broke but in many cases deep in debt. This may or may not be by design but the popularity of Bernie Sanders with people under 35 this past election should be a wake up call for those investing private property and real estate long term.
 

Howdy

Silver Member
Silver Miner
Joined
Nov 26, 2015
Messages
1,005
Likes
1,152
#11
BitCoin? Had you put your 90% in it, you'd be doing fabulously right now.
It's easy to talk about what you "coulda" invested in, but in reality it was a high risk investment backed by nothing.


Tangible investments or paper assets.
 

Buck

Gold Member
Gold Chaser
Joined
Apr 13, 2011
Messages
3,595
Likes
3,095
#12
BitCoin? Had you put your 90% in it, you'd be doing fabulously right now.
From what I've read, cashing out a huge block of bitcoins will bury the bitcoin market, valuations will drop so fast that the remaining "holders" are going to be behind the eight ball

who's going to be first out?

Risk On and if you can carry that type of risk, you gotta be hedged somewhere else and typically I'd say, you're outta my league

GL
 

the_shootist

Molon Labe!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
21,780
Likes
24,567
#13
That 10% should only apply to liquid assets. That would be a conservative position but valid non the less!
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
6,270
Likes
6,394
Location
Instant Gratification Land
#16
From what I've read, cashing out a huge block of bitcoins will bury the bitcoin market, valuations will drop so fast that the remaining "holders" are going to be behind the eight ball

who's going to be first out?

Risk On and if you can carry that type of risk, you gotta be hedged somewhere else and typically I'd say, you're outta my league
Why does it have to be all in, or all out? What's wrong with just hanging on to it and cashing out small amounts as needed?
 

Buck

Gold Member
Gold Chaser
Joined
Apr 13, 2011
Messages
3,595
Likes
3,095
#18
Why does it have to be all in, or all out? What's wrong with just hanging on to it and cashing out small amounts as needed?
Part of the allure of any "insurance" is the ability to exit the strategy at any point in time with minimal hassle / cost
Bitcoin is a deflationary "currency" and because of that alone it should be avoided unless one is purely looking for profit and in that case, we're discussing two different things

All I'm referring to is "insurance" as discussed a bit earlier
No one leaves their funds in "insurance" forever, nor is it smart to remove small amounts when one is taking profit
Again, unless one is trying to avoid any taxation but that's not really a concern with digital currency, at least as long as you keep your gains to yourself, there are no 1099's issued however, if you were to cash out and crash the asset, you'd certainly cause a fuss for many people and the media would want to interview you for the drama and that's not how to stay under the radar, in any way

Again, I'm not talking "investment"
I'm talking "insurance" or preservation of wealth and bitcoin is a lousy choice for that and now we can add in, again, partly because it's a deflationary asset

Make any more sense?
I'm hoping so

but remember what my opinion cost you
Nothing :)
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
6,270
Likes
6,394
Location
Instant Gratification Land
#19
Part of the allure of any "insurance" is the ability to exit the strategy at any point in time with minimal hassle / cost
Bitcoin is a deflationary "currency" and because of that alone it should be avoided unless one is purely looking for profit and in that case, we're discussing two different things

All I'm referring to is "insurance" as discussed a bit earlier
No one leaves their funds in "insurance" forever, nor is it smart to remove small amounts when one is taking profit
Again, unless one is trying to avoid any taxation but that's not really a concern with digital currency, at least as long as you keep your gains to yourself, there are no 1099's issued however, if you were to cash out and crash the asset, you'd certainly cause a fuss for many people and the media would want to interview you for the drama and that's not how to stay under the radar, in any way

Again, I'm not talking "investment"
I'm talking "insurance" or preservation of wealth and bitcoin is a lousy choice for that and now we can add in, again, partly because it's a deflationary asset

Make any more sense?
I'm hoping so
What do think will happen to the PM "insurance" in the same situation that they'd need to exit btc? If a lot of people try to cash out of that, the price of PM's will fall also.

Same with the housing market or stock market or anything else. Look what happened to silver in '11 when everyone started seeing dollar signs at $50.

All markets require sufficient numbers of others to enter the market for them to be able to exit. The only issue with btc is the same as silver. Ie: right now it's a small market, but in time that will fix itself as more and more people finally start figuring this stuff out.
...and the fact that it is deflationary is one of its better qualities. Ie: that makes it a better choice than any other currency one could be in. All the others are designed to lose value, btc is designed to gain in value as time goes on. Problem is, people have become so accustomed to inflationary "money" that btc seems weird and strange to them.
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
31,818
Likes
40,957
Location
Rocky Mountains
#22
It's easy to talk about what you "coulda" invested in, but in reality it was a high risk investment backed by nothing.


Tangible investments or paper assets.
Has that changed??
 

the_shootist

Molon Labe!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
21,780
Likes
24,567
#25
Wow, you got one too? Coupla high rollers we are! When Ag does its long fabled Moon shot, I'm gonna buy me a house with mine, what're you gonna buy with yours? lol
New Jersey! That place needs a new owner and a thorough douching badly, beginning with Christie Kreme! We'll need the 30 yard dumpster for that fat POS!
 
Last edited:

Argent Dragon

Site Support
Site Mgr
Site Supporter
Joined
Mar 29, 2010
Messages
8,152
Likes
2,812
Location
Lone Star State
#26
But what do they recommend for the remaining 90%?
They generally don't say.
The assumption is Equities Market being comprised of mostly stocks, also in the form of mutual funds, annuities, etc.

No financial advisor can make a dime off of precious metals so why would they want to steer you away from that ?
Their goal is to earn their share by at least getting 80-90% of your capital into equities so that a percentage goes in their pockets........ otherwise they wouldn't be in that business in the first place.

I say 80-90 because some want at least 10% in the bank + 10% in precious metals and the rest in some crappy retirement account like a 401k, IRA, or whatever clever vehicle they sell you on.

On rare occasions I've heard 30% but usually it's from a precious metals allocation company and/or storage services on which I'd be extra cautious about.
 

Argent Dragon

Site Support
Site Mgr
Site Supporter
Joined
Mar 29, 2010
Messages
8,152
Likes
2,812
Location
Lone Star State
#27
Keep in mind that 10% is really poor advice when it comes to numbers. This is because 10% is a 'safe' number when you're unsure the outcome and helps the client attain piece of mind with minimal exposure. So when that victim, errr...... I mean client asks, "What about gold ?"......the standard reply is, "yes, we believe a little insurance is good to have but no more than 10%."

It's like telling your friends, "oh yes, I believe in eating healthy foods but no more than 10%". So I guess we all need to have that 10% of fruits & veggies in our diet but don't overdo it.........:don't know:

Anyhow, think of your own analogies but 10% is such a weak non-committal number and it shows no conviction whatsoever from any dingbat advisor or so-called analyst that's trying to convince people that a little insurance is ok to have.............(or not to have though they never say that).

These guys have to acknowledge gold or they may lose a potential client....... it's all part of their sales pitch.

That said, I advocate 10% of your investment into Equities......just in case the DOW goes to the moon !
 

Thecrensh

Gold Member
Gold Chaser
Joined
Jun 26, 2013
Messages
4,488
Likes
5,043
#28
The more I see in the world, the more I have begun to doubt the wisdom of PM in any portfolio. Today's younger generation has ZERO clue about much...their education has not prepared them to be anything more than the mindless drones required by a totalitarian state. They have no idea of the intrinsic value of gold and silver, and therefore will be easily fooled into turning to a digital currency rather than something they can hold in their hands.
 

the_shootist

Molon Labe!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
21,780
Likes
24,567
#29
The more I see in the world, the more I have begun to doubt the wisdom of PM in any portfolio. Today's younger generation has ZERO clue about much...their education has not prepared them to be anything more than the mindless drones required by a totalitarian state. They have no idea of the intrinsic value of gold and silver, and therefore will be easily fooled into turning to a digital currency rather than something they can hold in their hands.
....and I'll be right there to buy it from them. I'll take a chance!