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<p>[QUOTE=&quot;Morgan1878, post: 1168832, member: 17869&quot;]Like you, I have a combination of gold &amp; silver (I&#039;m about 50/50)</p><p><br /></p><p>The silver is physical, up to today, the gold position was in a mutual fund.</p><p><br /></p><p>Today, I sold 36% of the mutual fund and will be purchasing gold bullion with the proceeds next week.</p><p><br /></p><p>Since the silver is more volatile, my objective is to reduce the volatility in the gold position. The gold mutual fund has a large position in mining shares. Because I started investing in this fund in 2004, I&#039;ve realized substantial gains. I&#039;ve also noticed that on the run up to $1500, the mining shares have begun to lag physical gold.</p><p><br /></p><p>Also, as a recent post by Cloudsweeper in another thread suggested, the holding of physical gold may be a more desirable option than holding derivatives such as a mutual fund. As well, various central banks will likely continue to accumulate gold bullion.</p><p><br /></p><p>Due to my employment at a large Swiss financial institution, I am fortunate that I will be able to buy this gold position at spot with less than a 1% commission and extremely low storage costs.</p><p><br /></p><p>Based upon the opinions of people I respect, including some on this forum, I expect that I will be holding both silver &amp; gold positions for the indefinite future given the macro economic forces that will be in place supporting PM&#039;s for a very long period.[/QUOTE]</p><p><br /></p>

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