What percentage of your savings are precious metals?

So apparently only 1 or 2 preppers have responded.

 

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Investment gold? Less than 1 percent.

 

I consider bullion the same as cash - at least as defined initially by the U.S. Gov't. When the dollar was something that didn't lose at least 2%/year, it was defined as 371.25 grains of fine silver (or about 23.2 grains of find gold). Gold is the international currency - you can spend it anywhere, and it will be taken by anyone - other than an American Millenial.

 

Amen.

I participated above, but before thinking about the consequences. Lucky for me that my reportage was a bit inaccurate. I think the actual number might be closer to 0.00009% in retrospect, maybe.

 

0.33%

 

100%. The end is nigh.

 

Jk

 

Around 40%. I just don't see how the overarching trajectory for the dollar in the next 30-40 years can be anything but negative, given the state/local pension crisis, the expanding national debt, and the (potential) rise of the yuan as an alternative reserve currency. Let's put it this way: I don't want to be like that poor fool who had all of his wealth in gold certificates in 1933 when FDR ended gold convertibility at home.

 

Approximately 2-3%, almost all are silver coins in my collection, saved for enjoyment, not investing.

 

old

But when "gold convertibility" was started, you still had face value for what you got at face value.