Do you maintain a PM limit?

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

  1. crazyd

    crazyd Member

    my biggest assets are my home, my 401k, company shares.... and my wife's pension ;). My PM holdings would never ever exceed 2% of this. I just collect PM for fun and some random economic apocalypse.
     
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  3. Seattlite86

    Seattlite86 Outspoken Member

    I don’t have a limit, just a rule to buy at or under spot for PMs so I’m not already starting out in the negative. I’ve recently decided to convert some assets to make transport easier. I’ll see if that works out. Bottom line is I don’t think any of us are certified financial planners, and even if we were, few get rich in the scheme of investments. Those who do were either lucky, well-educated on the investment, or both. I see PMs as a fun way to collect coins but also treat it as an investment. I have no belief that it will ever make me rich, I just see it as another form of assets to hold. They would likely be the first to go, if we needed cash quickly either because of emergency or some significant purchase.
     
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That’s me as well. I like silver rounds because they fit my love of numismatics. My investment lies in my business. My PM’s are fun and targeted for my kids/grandkids once I leave the party..... I also have a thing for old guitars. Two years ago I cashed in six rolls for a Dream guitar...... I felt bad though. Like I was stealing from the kids. But I do love the guitar!!
     
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  5. Good Cents

    Good Cents Active Member

    Your kids/grandkids will be able to sell your dream guitar one day. Even if it's not worth as much down the line as you paid for it, it will likely be worth something. More importantly, it's not an obligation to leave lots of money for your kids/grandkids. It's a nice extra. They will live their own lives and accumulate their own wealth, or not, but unless you owe them the money, it is yours to enjoy your life with. Of course if your kids are young providing food, clothing and a roof IS your obligation. But if it's money you're planning to leave for them for when you're gone, I'm sure you've got something to leave for them, and whether it is a little more or less will not make a life-changing difference in their lives. But that guitar sure seems like it makes a difference in yours!
     
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  6. -jeffB

    -jeffB Greshams LEO Supporter

    When you're doing inheritance calculations, don't ever discount the value of "spending time with happy Dad/Grandpa" and "hearing Dad/Grandpa play". :)
     
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  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Those young-uns are serenaded (bored to tears) with grandpa’s playing every Sunday morning at church. :woot:
     
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  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I appreciate that. I had a non-existent, scoundrel of a father. He left me nothing but some difficult memories. My life’s goal has been to be exactly the opposite of that to my kids. And the good Lord has been kind to me financially and rewarded my lifetime of hard work. So leaving them with a few nice things is sorta important to me..... But yeah even two years later I still swoon when I pick up that dream guitar!
     
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  9. Good Cents

    Good Cents Active Member

    Well, if you've been blessed financially then it seems like you can do BOTH - leave them with something AND enjoy your dream guitar! And if you spent your life trying to be the exact opposite of your non-existent, scoundrel father, then I would imagine they have plenty of good, sweet memories to hold on to down the line.

    My favorite grandmother was poor as a church mouse and died with nothing, but she loved us more than anyone in the world and would sacrifice her life for us and we knew it. THAT is what I hold onto - the love and care she gave to us with abundance during her lifetime. I had a financially comfortable, but stingy, scary grandfather whose healthcare aid stole everything from him before he died when he was mentally compromised. Of course money is nice, and it can help a lot, but there is never a guarantee it will get to them. But if you make good memories with them and are there for them, come through when they need you and celebrate their successes (big and small), it will be the best inheritance EVER which they can pass down for generations to come.
     
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  10. JPeace$

    JPeace$ Coinaholic

    What exactly are you comparing it to?
     
  11. myownprivy

    myownprivy Well-Known Member

    EVERYTHING, he says!
     
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  12. Good Cents

    Good Cents Active Member

    Apple, Google, Amazon, you know - everything... ;)
     
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