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<p>[QUOTE="Rono, post: 4820303, member: 6492"]Howdy folks,</p><p><br /></p><p>Years ago I read a quote by the elder Baron Rothschild saying that to protect your wealth from economic calamity, you should have 1/3 in securities, 1/3 in real estate and 1/3 in rare art. Note that I consider rare coins and bullion to qualify for the rare art category amongst other assets, but it ain't Beanie Babies. </p><p><br /></p><p>The first time I ran my numbers, I almost blew chunks being so heavy in securities. Since then I've strived to move in this general direction and made good progress. Note that this is wealth, not portfolio allocation.</p><p><br /></p><p>As for gold and silver, I have always suggested that folks should have somewhere between 3-10% depending upon their tastes in PHYSICAL bullion. This I consider a core investment. More than this is fine, but it's more in the realm of speculation. That's fine but speculation and investment are different animals. </p><p><br /></p><p>The bottom line as with any sort of investment, is position yourself where you can sleep at night.</p><p><br /></p><p>good luck,</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace and wear the damn mask,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 4820303, member: 6492"]Howdy folks, Years ago I read a quote by the elder Baron Rothschild saying that to protect your wealth from economic calamity, you should have 1/3 in securities, 1/3 in real estate and 1/3 in rare art. Note that I consider rare coins and bullion to qualify for the rare art category amongst other assets, but it ain't Beanie Babies. The first time I ran my numbers, I almost blew chunks being so heavy in securities. Since then I've strived to move in this general direction and made good progress. Note that this is wealth, not portfolio allocation. As for gold and silver, I have always suggested that folks should have somewhere between 3-10% depending upon their tastes in PHYSICAL bullion. This I consider a core investment. More than this is fine, but it's more in the realm of speculation. That's fine but speculation and investment are different animals. The bottom line as with any sort of investment, is position yourself where you can sleep at night. good luck, and so it goes, peace and wear the damn mask, rono[/QUOTE]
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