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<p>[QUOTE="myownprivy, post: 2961971, member: 84588"]I think the main reason most people buy pms (usually gold due to lower premiums and easier storage) is to preserve their money, not make money. Gold has at least kept up with or surpassed changes in inflation and the cost of living. That's why the standard recommendation is 0-10% of one's savings/investment into precious metals. </p><p><br /></p><p>I think it's too big of a gamble to buy have anymore above 10%. And I think it's unwise to pay the high premiums that silver bullion have. </p><p><br /></p><p>That's why I try to never pay more than 5% above spot for anything.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 2961971, member: 84588"]I think the main reason most people buy pms (usually gold due to lower premiums and easier storage) is to preserve their money, not make money. Gold has at least kept up with or surpassed changes in inflation and the cost of living. That's why the standard recommendation is 0-10% of one's savings/investment into precious metals. I think it's too big of a gamble to buy have anymore above 10%. And I think it's unwise to pay the high premiums that silver bullion have. That's why I try to never pay more than 5% above spot for anything.[/QUOTE]
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