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<p>[QUOTE="Rono, post: 1613326, member: 6492"]Wow, sorry that I've missed this thread. First off, thanks to Juan for starting it. Investing in pm's has long been an area of keen interest to me. </p><p><br /></p><p>Most PM mutual funds are exclusively investing in mining stocks. Toqueville is an exception and I've owned it taxable for well over a decade. PermPort is not a pm fund but a fund of fund master fixed allocation variation of what was ideated by Harry Browne <a href="http://en.wikipedia.org/wiki/Fail-Safe_Investing" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Fail-Safe_Investing" rel="nofollow">http://en.wikipedia.org/wiki/Fail-Safe_Investing</a>. Supposedly, this fund will weather all storms. You'll have to do your own d/d but I have about 10% in each of our accounts (deferred, exempt and taxable). </p><p><br /></p><p>I've also owned PCRIX in a deferred acct for years, but not for PM's. In my deferred acct, I've got CEF, SIL and GDXJ. And I've still got my SLW if for no other reason than it was my first Home Run. I took profits when it first started to crack a bit and it's fallen back to the mid-30's, but when you're buying it around $4 . . . </p><p><br /></p><p>These are securities and traditional investments. Everyone should have some. That said, I am also of the school that everyone should have some physical bullion. All told, I think folks should have anywhere from 5% ==>> ? where ever your heart rests easy. My grandsons have their stuffed animal 'bed buddies'. Whelp, my gold and silver are my bed buddies. Folks need to store it somewhere that allows them to rest easy. I've always said, you could take a tube of AGE's and hide it in the oatmeal box. ~$38K? Buy a 1000z ingot of silver an paint it black and use it as a door stop. Or, get a big safe or a SDB at the local bank. Whatever makes you happy. If you don't like gold coins, you can do jewelry. </p><p><br /></p><p>One thing I do have to mention is something I read several years ago from the Elder Baron Rothschild - that to preserve your wealth, you needed to keep 1/3 in securities, 1/3 in real estate and 1/3 in rare art. Feel free to define the latter as you wish, but it doesn't mean Beanie Babies. </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1613326, member: 6492"]Wow, sorry that I've missed this thread. First off, thanks to Juan for starting it. Investing in pm's has long been an area of keen interest to me. Most PM mutual funds are exclusively investing in mining stocks. Toqueville is an exception and I've owned it taxable for well over a decade. PermPort is not a pm fund but a fund of fund master fixed allocation variation of what was ideated by Harry Browne [url]http://en.wikipedia.org/wiki/Fail-Safe_Investing[/url]. Supposedly, this fund will weather all storms. You'll have to do your own d/d but I have about 10% in each of our accounts (deferred, exempt and taxable). I've also owned PCRIX in a deferred acct for years, but not for PM's. In my deferred acct, I've got CEF, SIL and GDXJ. And I've still got my SLW if for no other reason than it was my first Home Run. I took profits when it first started to crack a bit and it's fallen back to the mid-30's, but when you're buying it around $4 . . . These are securities and traditional investments. Everyone should have some. That said, I am also of the school that everyone should have some physical bullion. All told, I think folks should have anywhere from 5% ==>> ? where ever your heart rests easy. My grandsons have their stuffed animal 'bed buddies'. Whelp, my gold and silver are my bed buddies. Folks need to store it somewhere that allows them to rest easy. I've always said, you could take a tube of AGE's and hide it in the oatmeal box. ~$38K? Buy a 1000z ingot of silver an paint it black and use it as a door stop. Or, get a big safe or a SDB at the local bank. Whatever makes you happy. If you don't like gold coins, you can do jewelry. One thing I do have to mention is something I read several years ago from the Elder Baron Rothschild - that to preserve your wealth, you needed to keep 1/3 in securities, 1/3 in real estate and 1/3 in rare art. Feel free to define the latter as you wish, but it doesn't mean Beanie Babies. and so it goes, peace, rono[/QUOTE]
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