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<p>[QUOTE=&quot;Rono, post: 787071, member: 6492&quot;]Howdy,</p><p>&nbsp;</p><p>I&#039;m taking a bit of a different approach to this.&nbsp; I&#039;ve long believed that everyone should have 3-5% in precious metals as a core investment and that more than this was speculation.&nbsp; Speculation is ok, as long as you know that&#039;s what it is.</p><p>&nbsp;</p><p>A few years back I read a quote from the original Baron Rothschild that everyone should have 1/3 of their wealth in securities, 1/3 in real estate, and 1/3 in rare art.&nbsp; Well, I don&#039;t know anything about rare art, but do know a bit about coins and bullion, so I subbed the latter for the former.</p><p>&nbsp;</p><p>At first count we were at 90/8/2.&nbsp; Now I&#039;m at 70/20/10.&nbsp; By this time next year I hope to be between 50/30/20&nbsp; and 60/25/15.</p><p>&nbsp;</p><p>As you can see, I&#039;m converting securitized wealth into either real estate or &#039;rare art&#039;.&nbsp; Major moves I&#039;ve made to do this include cashing out my traditional IRA a couple of years back, paying the taxes and converting it to the latter two categories.&nbsp; I&#039;ll be retiring in 106 days with both a 401 and 457 and DB pension and plan to roll the 401 into a Roth and perhaps even the 457.&nbsp; This would allow me to convert some or all of these monies to the latter two categories.</p><p>&nbsp;</p><p>just some thoughts,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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