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<p>[QUOTE="stevereecy, post: 4811095, member: 19884"]Oh my God guys! I thought I deleted that post after a change of heart. My phone went into some crazy mode where it wanted me to login even though it let me type the message and hilarity ensued. Sorry about that.</p><p><br /></p><p>Let’s see. To finish my train of thought, briefly I feel like I’m hedged against inflation fairly well with the real estate. And with respect to having portable wealth, I collect a lot of small things like coins that I could fill a bag with and run away with if I needed to in an emergency.</p><p><br /></p><p>All that being said, I was watching a guy on YouTube who made a compelling point about putting 5% of your net worth into gold and constantly re-balancing that. As gold goes up you sell some. As gold goes down you buy more to maintain 5% of your net worth in gold. Despite the fact that we have a lot of jewelry laying around (I used to buy junk gold jewelry at coin stores for my wife when it was $400/oz.) I think I’d have to buy quite a bit more gold to hit 5%. But does buying more make sense when I’m hedged against inflation and have portable wealth in the form of collectibles?</p><p><br /></p><p>BTW: the comment about having no cash flow is on point. It did suck, but I figure it’s kind of like the sacrifices FIRE investors make in their younger years and I’m happy to say that issue was resolved. Rents are up.</p><p><br /></p><p>Anyway maybe this thread should be when do you not need gold? Or when do you have too much?[/QUOTE]</p><p><br /></p>
[QUOTE="stevereecy, post: 4811095, member: 19884"]Oh my God guys! I thought I deleted that post after a change of heart. My phone went into some crazy mode where it wanted me to login even though it let me type the message and hilarity ensued. Sorry about that. Let’s see. To finish my train of thought, briefly I feel like I’m hedged against inflation fairly well with the real estate. And with respect to having portable wealth, I collect a lot of small things like coins that I could fill a bag with and run away with if I needed to in an emergency. All that being said, I was watching a guy on YouTube who made a compelling point about putting 5% of your net worth into gold and constantly re-balancing that. As gold goes up you sell some. As gold goes down you buy more to maintain 5% of your net worth in gold. Despite the fact that we have a lot of jewelry laying around (I used to buy junk gold jewelry at coin stores for my wife when it was $400/oz.) I think I’d have to buy quite a bit more gold to hit 5%. But does buying more make sense when I’m hedged against inflation and have portable wealth in the form of collectibles? BTW: the comment about having no cash flow is on point. It did suck, but I figure it’s kind of like the sacrifices FIRE investors make in their younger years and I’m happy to say that issue was resolved. Rents are up. Anyway maybe this thread should be when do you not need gold? Or when do you have too much?[/QUOTE]
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