In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.

How much of ones net worth,,,

montanajoemontanajoe Forums Admins, Member, Moderator Posts: 60,240 ******
edited September 2018 in General Discussion
should be invested in precious metals???
· Share on FacebookShare on Twitter

Comments

  • mag00mag00 Member Posts: 4,719 ✭✭
    edited November -1
    10%

    Diversify
    · Share on FacebookShare on Twitter
  • oldWinchesterfanoldWinchesterfan Member Posts: 1,050 ✭✭✭
    edited November -1
    Do you mean blue steel (and walnut) or that other stuff that's not as much fun to collect? I consider them all "alternative investments."
    · Share on FacebookShare on Twitter
  • redneckandyredneckandy Member Posts: 9,716 ✭✭✭✭
    edited November -1
    Depends on ones age and net worth.
    · Share on FacebookShare on Twitter
  • remingtonoaksremingtonoaks Member Posts: 26,245 ✭✭✭
    edited November -1
    A smart investor watches all the markets, and buys when it's down and sales when it's high...

    When precious metals are low, I invest about 50%. And when it's high I sell it all and have no money invested in Precious Metals...

    Right now the economy is booming. So precious metals are down, I'm waiting to see what's going to happen in the elections, I might start buying precious metals again. Or not...
    · Share on FacebookShare on Twitter
  • GrasshopperGrasshopper Member Posts: 17,041 ✭✭✭✭
    edited November -1
    AGE brother is the factor,,,I f you are in your 70's , safe funds are the only way to go. Yea, people will argue but that advise is sound.
    · Share on FacebookShare on Twitter
  • droptopdroptop Member Posts: 8,363 ✭✭
    edited November -1
    quote:Originally posted by mag00
    10%

    Diversify
    arrowuplighted.gif Yep:
    · Share on FacebookShare on Twitter
  • Don McManusDon McManus Member Posts: 23,695 ✭✭✭✭
    edited November -1
    No answer to the question.

    IMO, one needs to look at precious metals much the same way as cash. It is not and investment, rather an insurance policy and a means to store money. While the metals market has been interesting over the past couple of decades, the value will not, over time, grow exponentially as it will in the markets.

    I keep enough to pay the bills and feed my family for a couple of years. Any more than that is, IMO, a lost opportunity.
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
    · Share on FacebookShare on Twitter
  • mogley98mogley98 Member Posts: 18,291 ✭✭✭✭
    edited November -1
    Lots of ways to look at this, if the Democrats win a majority you may wish you had more. Uncle Sam can give a "Haircut" to any investments in the market or banks. It would be much more difficult to take Gold or Silver you had squirreled away.

    Greek investors took a big hit in order to pay for their communist policies.

    When the Dems succeed in shifting America further left money you saved for your retirement in 401K IRA etc is vulnerable for sure.
    Why don't we go to school and work on the weekends and take the week off!
    · Share on FacebookShare on Twitter
  • spasmcreekspasmcreek Member Posts: 37,717 ✭✭✭
    edited November -1
    never got interested in the stock or commodities markets... a whole industry that profits off of customers loses
    · Share on FacebookShare on Twitter
  • WulfmannWulfmann Member Posts: 4,906 ✭✭✭
    edited November -1
    The 5-10% rules is defined differently depending on who you ask.
    Some say 5-10% of your worth others say of you cash or savings.

    If your total worth is 1 million and your home and 2 rental properties with cars and guns equal $900K having no cash and 100K in gold does not make sense

    If you do not count real estate just investments than 10% is good but even if it is 10% of cash say $100K in savings that can work depending on how your personal situation dictates.

    There is no one formula but that is IMO

    Precious metals are starting to look mighty tempting
    3YUCmbB.jpg
    "Fools learn from their own mistakes. I learn from the mistakes of others"
    Otto von Bismarck
    · Share on FacebookShare on Twitter
  • yoshmysteryoshmyster Member Posts: 22,059 ✭✭✭✭
    edited November -1
    10%? That's alot of gold chains [:D]. A sad way to "OG" Over Gold. Been watching the Wayans Brothers movies. "Don't Be a Menace to South Central While Drinking Your Juice in the Hood". No wait that was "I'm Gonna * You Sucka"?
    · Share on FacebookShare on Twitter
  • JamesRKJamesRK Member Posts: 25,670 ✭✭✭
    edited November -1
    Where do you sell it?
    Edit: Oh yeah, where do you sell gold and diamond rings too?
    The road to hell is paved with COMPROMISE.
    · Share on FacebookShare on Twitter
  • Rack OpsRack Ops Member Posts: 18,596 ✭✭✭
    edited November -1
    I dont have any stored in precious metals, but I have bought some stock in a couple of mining companies that are dirt cheap right now.
    · Share on FacebookShare on Twitter
  • mag00mag00 Member Posts: 4,719 ✭✭
    edited November -1
    quote:Originally posted by JamesRK
    Where do you sell it?
    Edit: Oh yeah, where do you sell gold and diamond rings too?


    On the auction side of this site. [;)]
    · Share on FacebookShare on Twitter
  • asopasop Member Posts: 9,019 ✭✭✭✭
    edited November -1
    You buy at retail and sell at wholesale[:(!]
    · Share on FacebookShare on Twitter
Sign In or Register to comment.