Do you maintain a PM limit?

Discussion in 'Bullion Investing' started by myownprivy, Jan 31, 2019.

  1. myownprivy

    myownprivy Well-Known Member

    Say, a limit of PMs equaling no more than 5% of your assets? Or 10%/25%, etc.

    And if so, when you surpass your percentage limit when the value of gold goes up, do you sell some to return your total holdings to your limit?
     
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  3. Dave M

    Dave M Francophiliac

    I don't hold PM, but certainly the point of diversifying percentages of your investments across asset classes is that you've got some reason to believe that is a good ratio for you. So yes, if you believe in your ratio then you would sell the gold and put it into whatever class was low at that point.
     
  4. rte

    rte Well-Known Member

    No limits, just buy what you like...what's this selling you speak of :D
     
  5. ken454

    ken454 Well-Known Member

    assets?? o_O buy it cuz its shiny....:cool:
     
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    No limits. I buy what I can when I can. I do the same to my other investments.
     
  7. Brian Calvert

    Brian Calvert Active Member

    Seen them talking about this yesterday at the VRIC Conf. Cambridgehouse video's online. Everyone should watch them...
    I bought into Barrick Gold at 11.90 last week and was thrilled to get in at that price after the merger. Like all mergers I have learned over the past 10 years, they have to settle at "A PRICE" based on the value, not what someone thinks it should be. Thus, that was the bottom price. GOLD has gone up and of course the stock too. Funny thing was Barron's pumped it and it was still flat.

    We have real estate, not all paid off, a big chunk of cash we hold, jewelry, several cars, stocks, but only her corp. that she works for and lower account balances at TD, ETRADE, and keep them under 50K "in case of" And we continue to add GOLD and SILVER. If it turns out to be 50%, so be it. But i will not get caught with my pants down after seeinf what happened in 2001, and 08. That is BS !

    Who at the FED, or any bank lower than a teller suffered ? None of them, in fact they made money, then shrugged their shoulders, said, i am sorry and moved on.
    JP morgan 401k mutual fund managers moved to BofA, Citi went to Wells, wells went to Bof A and so on. Damn near every fund out there has a new ticker so that you cant track it back to inception.
    The System, I knew as a kid is now gone and to trust in it is a fools game.
    Read just today from Truth in accounting that 63 of the 75 biggest cities are broke! Way way underfunded pension plans, medical, etc. It isn't China's fault, nor is it the Immigrants fault. It is the rich and politicians fault. They did this, but when you only work for 4,8, or 12 years, you can kicked it to the next people.
    Go watch PANIC on HBO and listen to the excuses from those in 2008, including Bush, Obama, Paulson, Berneke, and Geithner. I am surprised that VICE gave them the platform to put it out there.

    Basically they say, what was we suppose to do, let the country go into depression ? Actually the answer is, Yes, if that happened then so be it, but to put out a bunch of BS fake money via QE is a joke, now the problem is 4 fold. Each day, and tomorrow, and every day after that until this is settled is more trouble we will face until they finally give it up, tell the truth and lay it out there for all to see.

    It isnt going to be pretty, but the rich have got to pay for it as the people have nothing left to give. Never in History, nor ever in the future will a country be able to Print their way out of trouble, in fact, they can only print into more trouble. Just dumb... you don't need to be an economist to figure it out.

    Ironically, they are doing everything that it is illegal for you to do. If you did it, you would go to jail, have a judgement placed against you and your wages garnished. When the Treasury, FED, and politicians do it they get praise and a raise with a great retirement package and released of all debt and responsibility.
     
  8. Brian Calvert

    Brian Calvert Active Member

    And on another note, GOLD has out performed everything since 2000. And has kept up with Inflation. with all the BS fees they have now, you are better to control your own money, make your own choices. Right now I am at 20% GOLD and it will continue to grow because all the other stuff, other than real estate is manipulated TOO MUCH. Gold is money, dollars are paper.
    Land is land, and although they manip it. you can buy low with proper timing.
     
  9. Good Cents

    Good Cents Active Member

    I don't have an answer to your question, because I haven't been investing in PM for long.

    It doesn't make much sense to me to sell off some gold when the value goes up because if you're a long term investor there are going to be lots of ups and downs along the way and trying to time the market will just get you down. I would rather suggest staying within a RANGE percentage of your assets. So if gold goes up now, the next time you invest put it into something else where your percentage hasn't reached its height yet. Because when gold or PM starts out as 10% of your assets and then goes up and becomes (for argument's sake) 15% of your assets, your OTHER assets are now a lower % of your total assets. It's a bit of a see-saw, but that's how I would play it - investing in other things.
     
    Randy Abercrombie likes this.
  10. Good Cents

    Good Cents Active Member

    Another question is how much of your PM do you put into Gold, Silver, Platinum, Palladium, or other PM?

    (PM = Precious Metals, for those newbies who didn't know what "PM" stood for like me when I started out here :wacky: )
     
  11. Good Cents

    Good Cents Active Member

    After 2008 there have been ups and downs where I thought "This is it, this is the big one" and luckily for me I didn't play my "gut feeling" because I would have shorted all the index funds had I the time or money at that time. And the stock market just keeps going up, and I look at it in wonderment - how in the world is it doing that? I don't have an answer for that. I've gotten so burned with the stock market that I wont touch it anymore.

    The S WILL eventually hit the fan. But so many times that I thought "this is it!" it's not. Car loans and leases - they practically give them away for free. Predator loans that don't get paid. Student loans that get abandoned. All those commercials offering to erase people's credit card debt. What's with all the credit card debt?! Why are they giving away money? I've thought for 30 years it's going to all collapse. Even in 2008 when the market crashed, it wasn't "the big one" in the sense that if you had anything in a bunch of diversified mutual funds in 2008 which lost value, it all recovered and then some by about 7 years later. Of course someone who was 70 years old in 2008 and had one foot into the retirement door who needed to LIVE on that money was up the creek and couldn't wait for his funds to recover. And those are the people who were hurt the most. But those of us who still have time before retirement were fine.

    So, will it happen one day? Yes. But nobody knows when or how. For all we know PM wont help one bit when that happens. Or maybe Palladium will be the go-to PM or something else that we can't anticipate now.

    I've thought all the things you wrote over the years. And I've tried to plan as best as I can. But I've still got retirement money in mutual funds. At the same time, when I hit 60, I will be winding those down so that I can weather the next 10 years no matter what the market does.

    Oh, and I agree that people needed to be held responsible for the 2008 crash. That nobody was held responsible, that big wigs were allowed to walk away without even a slap on the wrist and with big golden parachutes and millions in ill-gotten commissions and unheard of salaries, was horrible. It's like 100 years later and these are the new robber barons. Reprehensible. Justice was not served. Neither for Wall Street nor the politicians and lawmakers that facilitated it - actively or passively.

    We live in such a complicated world today that there are so many repercussions to the actions and inaction of today's politicians and lawmakers - but those repercussions don't see the light of day while they are in office. And they never have to pay for or own their "mistakes" of self-interest and carelessness in their positions of power. And the repercussions reverberate to every facet of our complicated lives.

    Real Estate is nice but with all these new global environmental catastrophes happening more frequently, my little piece of land can be under water or otherwise destroyed by natural disasters that only frequented these parts once every 1,000 years.

    Lovely picture - isn't it?

    My consolation is that in all likelihood humanity will survive, because we always have. So, stay hopeful!
     
    Randy Abercrombie likes this.
  12. myownprivy

    myownprivy Well-Known Member

    I think that's an excellent point. When gold and silver go up and their percentage of your assets is now a greater share, put your future investments into other things. There is no need to sell PMs to rebalance. Rebalance by investing future new money into other assets.
     
    Good Cents likes this.
  13. Santinidollar

    Santinidollar Supporter! Supporter

    Gold is part of a diversified format. When I rebalance, it’s part of an overall strategy. Gold is not a separate and segregated asset for me.
     
  14. Phil Ham

    Phil Ham Hamster

    I'm not sure if I have a limit but I'm currently holding 7.4% in precious metals. It is not doing very well.
     
  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    A limit? Well, that has to do with the capacity of my safe. And lately I have to lean on the door to close it. So yes, I fear I am near capacity.
     
    Seattlite86 likes this.
  16. -jeffB

    -jeffB Greshams LEO Supporter

    No, no, that just means you need to diversify by investing your next chunk of money in... a bigger safe! Right?
     
  17. TheFinn

    TheFinn Well-Known Member

    I think you need to go into a different PM.
     
    Randy Abercrombie likes this.
  18. myownprivy

    myownprivy Well-Known Member

    Yes, I was starting this thread to find out what others do. But I was asking because I impose limits on myself. Rather than sell anything, I simply put more cash into conservative etfs to balance out.

    Not a new safe...
     
  19. ldhair

    ldhair Clean Supporter

    I look at this in a different way. My limit is based on what I paid and not on the value from day to day. That can drive a person crazy.
     
  20. FryDaddyJr

    FryDaddyJr Junior Member


    Same old tired paranoid rants since the beginning of time.
     
  21. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    And always will be. A person can blame government actions on stocks and fiat -or- they can blame the pushers of precious metals such as bullion companies, media, and email and news publication advertisements. They teeter/ totter back and forth and collect money from the common person who believes the zombies are coming and PM alone can save them, or those who think a new idea, not yet developed and a snazzy name can make them millions.

    Education and knowledge is what can provide for a man if they don't get millions from family, Take classes and acquire knowledge rather than buy more bullion or stock, until you can be sure which you need. Otherwise you could be supporting both evils you mention. IMO, Jim
     
    medoraman and FryDaddyJr like this.
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