buying gold and silver?

[Codger_64]

You say you're comfortable with 5%-10% being invested in gold and/or silver. But do you know what % you're already invested in precious metals?

Many mutual funds have a % in gold and silver, either directly by purchasing metal ETFs or similar, or indirectly by investing in mining companies. You could already have 5%-10% in gold and gold-related investments without realizing it. First Eagle Global is 5.7% in commodity gold, Blackrock Global is 1.65% in GLD shares, and Ivy Asset Strategy is 9.16% in bullion. Those numbers are from a single investment only; the total gold investment of each of these funds could be much higher.

I also see that Blackrock Global Allocation fund has recently sold 1,200,000 shares of GLD. Ivy and others are selling too. Do they think that gold is reaching an apex, or they just wanted to put the money into another asset class that has recently become more attractive?

There is speculation that silver/gold will move closer to historical parity. For this to happen, gold is more likely to fall than silver to rise dramaticly. Historical parity mean for the past 125 years has been 45:1.

 

[Bob W]

I can't even pretend to predict the future, and neither can most of the "experts". It was only my point to give a bit of caution that people may already be heavily invested in these highly speculative precious metals without realizing it. :thumbup:

I'd also like to express my opinion that most of these SHTF idiots are insufferable wishful thinkers who want to be able to say "I Told You So" just once before they die. :jerkit: