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<p>[QUOTE=&quot;medoraman, post: 1150011, member: 26302&quot;]I would think 30% of a portfolio is high, especially if you are including real estate in that number. The bad part about holding any asset class is that you are taking disproportionate risks. PM is a good contra asset and I have always advocated having some PM exposure.</p><p><br /></p><p>No sense going too far into it here since many here are very bearish on PM&#039;s. I will just say that even with 7 years of college education in finance, (bachelor and MBA), I do not trust my own opinion on markets and where they will go, let alone anyone else&#039;s. I thought silver would go up but was about 8 years early in that prediction. I think the dollar will recover but could be 2-4 years early on that one as well.</p><p><br /></p><p>You ever wonder why the market changes EVERY DAY? Its because every single day there is new information coming to light. I know for a fact I am not smart enough to guess what that information may be, so I always insist in spreading around my exposure as broad as possible just on the chance that some day my guess is wrong. I would MUCH rather be wrong on 5% of my portfolio than 30% or more. This is diversification. I know a friend of a friend who worked at Enron and believed in the company. Unfortunately he lost most of his retirement. </p><p><br /></p><p>I risked a pretty large part of my portfolio when I bought my silver in the early 90&#039;s, and luckily the rest of my assets have grown to offset this risk. In hindsight it was good to buy silver at $4, but I would never risk that much of my portfolio again. If someone wished to dedicate 30% of a portfolio to hard assets, I would at LEAST diversify the metals, buying gold, silver, platinum, etc. and/or mining stocks. I do not recommend this, but it would be safer than just buying a single PM.[/QUOTE]</p><p><br /></p>

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