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MT Precious metals investors
Posted on 2/5/13 at 1:57 pm
Posted on 2/5/13 at 1:57 pm
Any of you all have a portion of your portfolio dedicated to PMs? If so, what percent do you allocate to these metals? Tangible asset or do you just buy certificates? If you prefer the actual metal, what format do you prefer?
Seems like you take a pretty sizeable haircut if you want the physical metal due to premiums, etc.
I'm planning on dedicating between 5-10%.
Seems like you take a pretty sizeable haircut if you want the physical metal due to premiums, etc.
I'm planning on dedicating between 5-10%.
This post was edited on 2/5/13 at 1:57 pm
3
Posted on 2/5/13 at 2:23 pm to bunky
Interested in the responses to this. Had a chemistry teacher try to convince everyone to buy stock in platinum. Was wondering if it was a good idea or not.
Posted on 2/5/13 at 2:30 pm to K9
I keep about 10-15% of one of my IRA accounts in the Gold ETF (GLD) rather than taking reciept of the actual physical metal.
Posted on 2/5/13 at 2:32 pm to LSUTIGERS74
Similar question...
What are the thoughts on GoldCorp (GG)... I know they are one of the mine mining companies of precious metals.
It is half off of its highs and from I read, could be a good buy
What are the thoughts on GoldCorp (GG)... I know they are one of the mine mining companies of precious metals.
It is half off of its highs and from I read, could be a good buy
Posted on 2/5/13 at 3:57 pm to bunky
About 10% of my portfolio is tangible silver and gold. Do you really own it if it's not in your possession?
Posted on 2/5/13 at 5:20 pm to ThatsAFactJack
quote:
About 10% of my portfolio is tangible silver and gold. Do you really own it if it's not in your possession?
This is what I was looking for. Do you buy gov. issued coins, or independent bars/rounds...or junk silver?
ETA: Some people say there is twice as much paper sold for the stockpiles of the physical metal, definitely a risk of a run there.
This post was edited on 2/5/13 at 5:23 pm
Posted on 2/5/13 at 5:28 pm to bunky
quote:
This is what I was looking for. Do you buy gov. issued coins, or independent bars/rounds...or junk silver?
physical? hell no.
guns, ammo, food and water will be worth more(bartering wise) if and when the SHTF.
Stick with futures and ETF's. You could dive into mining stocks also if you wish. I just do not care for physical at all. To each his own.
Posted on 2/5/13 at 5:29 pm to Fat Bastard
I don't think S will HTF in the forseeable future, but there could be some economic troubles...we're too globalized to have a "great depression," IMO
Posted on 2/5/13 at 6:04 pm to bunky
quote:
I don't think S will HTF in the forseeable future
I am just not talking about an economic meltdown or crash, natural disaster or war could do it also. maybe an EMP? terrorist attack? just saying.
Posted on 2/5/13 at 6:47 pm to bunky
You might want to accumulate some silver. This website charges $1.50 over the spot price of silver.
LINK /
They sell a really nice 1 ounce round. I think you have to order a minimum of 10 rounds.
If silver is $30 per ounce, then the charge is $31.50 per ounce which is 5% over spot price.
The main reason to get physical precious metals is to insure oneself from the devaluation of the dollar. Some people have life insurance, fire insurance, etc. Holding the physical is kinda like US Dollar insurance. If the US dollar tanks, then you'll want land, precious metals, guns, ammo., and other items to barter.
LINK /
They sell a really nice 1 ounce round. I think you have to order a minimum of 10 rounds.
If silver is $30 per ounce, then the charge is $31.50 per ounce which is 5% over spot price.
The main reason to get physical precious metals is to insure oneself from the devaluation of the dollar. Some people have life insurance, fire insurance, etc. Holding the physical is kinda like US Dollar insurance. If the US dollar tanks, then you'll want land, precious metals, guns, ammo., and other items to barter.
Posted on 2/5/13 at 7:03 pm to djmicrobe
That website doesn't seem legit, I'd stick with APMEX.
Posted on 2/6/13 at 9:03 am to bunky
quote:
bunky
quote:
Do you buy gov. issued coins, or independent bars/rounds...or junk silver?
I buy all forms of silver. My favorite is Morgan dollars and American Silver Eagles. I usually just buy from my local coin shop. There are a few reputable online sites: Apmex, Provident, SilverTowne, Gainseville Coins are a few.
Posted on 2/6/13 at 1:29 pm to K9
Here you go. This is good info on platinum investing. I don't invest in platinum in any way or form. Just gold and silver.
Platinum is up 12% in 2013, but mining shortages will create tightness in supply.
Platinum is up 12% in 2013, but mining shortages will create tightness in supply.
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