how much is enough--middle class
 

17.8% of total assets in physical Gold and Silver
we are about 28:1 silver to gold ratio.

15.7% paper Gold to total assets

so maybe a third tied to gold in someway shape or form

just lookin for peoples thoughts on this

Cant imagine having to much gold in one basket (nice basket) but you know...

Re: how much is enough--middle class
 

What's your other options? That's what you have to consider. :ok:Good Luck

Re: how much is enough--middle class
 

I think you are very heavy on precious metals. Is that a long term, buy-and-hold allocation, or are you speculating?

What other asset classes do you own? Hopefully some of your portfolio is a lot less volatile.

Re: how much is enough--middle class
 

Too much paper metal......make all that paper metal physical.

I don't even think 80% metal is too much.....why hold paper

Re: how much is enough--middle class
 

Its a long term play.

The paper Gold Is the Fidelity Select Gold Mutual Fund. (which has a large Canada chunk in it) I cant sell the mutual fund because its a part of a work retirement plan.

Re: how much is enough--middle class
 

I agree................

Re: how much is enough--middle class
 

Meaningless. What are you going to do, try to buy something for 15.7%? Prices are usually figured in ounces or dollars, not percent. Why do you have that and not some other percent?

Gold and silver are not just some other way to invest. They are not investments at all in most cases. You need a reason to hold PMs. It doesn't have to be a good reason, but you need to know what it is. When you have a reason then the percent has nothing to do with nothing, only whether you have enough gold and silver to cover your plans.

It takes a definite attitude to hold PMs. That's why they call us bugs. (Or worse.) You are, if you will excuse the term, thinking like a stock sucker. A stock sucker is a nice fellow who learned from stock brokers and gets his news from tv shows. He carefully plans his investments and then submits his plans to brokers or friends for their approval. Stock suckers sometimes make profits, and when they don't they get emotional support from their friends and brokers. A PM bug gets his education from other PM bugs or on his own and seldom or never relies on anybody else's advice or approval.

I'll give you two examples of the PM bug mentality. A friend is saving to buy a ranch or something. He monitors property prices here and there and always converts prices into ounces of silver. So far he considers the ounces per acre to be too high. He doesn't care about the price per acre in USD because he is not saving USD. He doesn't care about the price per ounce in USD because he does not intend to sell his silver for USD. He only cares about the price per acre in ounces of silver. He is impervious to market fluctuations.

I have a completely different plan. I watch the price of gold in ounces of silver. Right now it is about 65, so I buy silver. When that ratio goes down to 50 I will swap all my silver for gold. When the ratio goes back up around 70 I will swap all my gold for silver. In March 2008 I sold 320 ounces of silver and bought 8 ounces of gold, ratio=40. In October I sold the gold and bought 570 ounces of silver, ratio=71.25. I made a 78% profit in 8 months, during a time when everybody else was whining about falling prices. I made a 78% profit buying gold at $1030 and selling it at $830. Your stock broker is unlikely to tell you how to do anything like that.

So my answer to your question is "I dunno. What are you trying to accomplish?"