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<p>[QUOTE=&quot;RaceBannon, post: 1310015, member: 25357&quot;]This is sage advice.&nbsp; Whatever you do, you should not have all your eggs in one basket as the old saying goes.&nbsp; Most financial advisors recommend that you have no more than 10-20% of your net worth in precious metals.&nbsp; On this board, I suspect that many have more than that.&nbsp; After all this is a community of coin collectors and bullion investors.</p><p><br /></p><p>&nbsp;The point is you should stay diversified, you should own some stocks, some bonds, some real estate, some precious metals and maintain a cash reserve large enough to get you through 6 months to a year.&nbsp; Some other good advice is to pay yourself first, ie set aside money from every paycheck that goes into investment accounts, savings accounts, paying down a mortgage ahead of schedule, precious metals etc.&nbsp; In this way you will start to accumulate wealth.&nbsp; You shouldn&#039;t even see this money it should be directly deposited into your investment accounts without giving you the opportunity to spend it.</p><p><br /></p><p>Third, you should take the long term view when it comes to investing.&nbsp; By that I mean 20-30 years. All markets will fluctuate, the value of your investment goes up and down.&nbsp; By lengthening your time horizon, you increase your opportunity to be able to sell when a given asset or investment&#039;s value is high and thus realize a profit.</p><p><br /></p><p>We are in a bull market for precious metals, nobody can predict with accuracy how long it will run or when the top will be.&nbsp; But for those who&#039;ve been investing in PMs for a while, or have significant bullion holdings that they bought when silver was $10oz and gold was $400/oz now is a good time to sell in order to realize a profit.</p><p><br /></p><p>On the other hand, in my opinion now is a <u><i><b>great</b></i></u> time to buy real-estate.&nbsp; Housing prices are down up to 60% from their peak five years ago in many markets.&nbsp; A 30 year fixed rate mortgage can be had for 4%, that&#039;s super cheap money, and a historically low rate.&nbsp; That rate is less than half what I paid on my first mortgage.&nbsp; Real estate much like precious metals acts as a hedge against inflation, and if you&#039;re not living in it, you can rent it out.&nbsp; Moreover, you get a significant tax advantage from your mortgage interest deductions and depreciation if you are renting the properties.&nbsp; All this really adds up in the long term.&nbsp; I&#039;m not a big believer in the coming cataclysm, but in an economic doomsday scenario owning land and property will likely still have some value.</p><p><br /></p><p>I know my little blurb has been more about personal finance than macro-economic trends, but I believe that by diversifying and following some of the advice I&#039;ve provided, you focus on what you can control rather than what you cannot, and you and your family will be set up to weather the storm no matter what happens in the greater economy.&nbsp; Good luck.[/QUOTE]</p><p><br /></p>

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