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<p>[QUOTE=&quot;Juan Blanco, post: 1561250, member: 41665&quot;]I should also qualify my opinion - I don&#039;t think of PMs as an &quot;investment&quot; but rather a currency and Paper HEDGE. From a professional standpoint, an &quot;investment&quot; clearly implies <i>capital appreciation</i> and or income/dividends/yield. Bullion/coin offers nothing to those expectations and entails a NEGATIVE CARRY COST. If you have Paper investments (stocks for capital appreciation; bonds for yield) the most important - really, to my thinking THE ONLY - purpose for PMs should be real asset preservation or <i>savings</i>. </p><p><br /></p><p>A &#039;catastrophic insurance policy&#039; shouldn&#039;t be anywhere close to your biggest bet (35% PM allocation of investable assets to bullion) unless you&#039;re </p><p>a) older</p><p>b) ultra-conservative</p><p>c) net worth &gt;$1 mln investable assets AND</p><p>d) have predictable solid income </p><p><br /></p><p>I also favor diversification among the PMs: consider Platinum, Palladium, Silver and even Rhodium (Baird Mint&#039;s recent ingot.) Anything you are &quot;playing&quot; should NEVER be bought as bullion - use the ETFs for short- or intermediate-term sector/trend allocations (anything less than 10 years holding.) </p><p><br /></p><p>Another peculiar but often-ignored reason to hold bullion or coin (circumstance): when traveling abroad, if you lose your wallet but keep a coin stashed in your luggage - that Gold can be an emergency financial life-saver![/QUOTE]</p><p><br /></p>

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