maplesilverbug
4th July 2009, 10:57
From his July 03/09 article (http://news.silverseek.com/SilverInvestor/1246656311.php):
"The only alternative currencies that I know of that have held up well are, of course, gold and silver. I do believe you need both. ...you don’t need much more than a 10% or 20% protection in order to be well protected if things break down quite substantially for you to come out of this in very, very good condition.
On the other hand, I know many of you are what I call metal heads, like me, and you prefer a higher weighting than that; of course, that’s your personal choice. I’m not going to advocate much more than, say, 20% for most people."
How do YOU stack up against Morgan's asset allocation/net worth recommendation of 10-20% in PM's? Compare Morgan's thoughts to those of say, Jason Hommel, "If you want to sell your home, and buy silver, you will be a very wise..."
(I would guess the average North American wouldn't have much more than 20% equity built up in their home so perhaps they are both saying the same thing...?)
Personally, I sit at 15%, but my ounce goal would put my PM holdings (both silver and gold) at 28% net worth, which I would be very comfortable with (ie. mentally at ease!). I don't think having an extra 8% in PM's in such f*cked-up economic (and geo-political) times such as these overkill. Can always lighten the load at a later date.
I consider myself a semi-"metal head" and can very easily see the value of holding cash to pick up assets that have (or will be) considerably devalued today and in the near future. But that's the only reason to hold any large amount of cash instead of PM's.
"The only alternative currencies that I know of that have held up well are, of course, gold and silver. I do believe you need both. ...you don’t need much more than a 10% or 20% protection in order to be well protected if things break down quite substantially for you to come out of this in very, very good condition.
On the other hand, I know many of you are what I call metal heads, like me, and you prefer a higher weighting than that; of course, that’s your personal choice. I’m not going to advocate much more than, say, 20% for most people."
How do YOU stack up against Morgan's asset allocation/net worth recommendation of 10-20% in PM's? Compare Morgan's thoughts to those of say, Jason Hommel, "If you want to sell your home, and buy silver, you will be a very wise..."
(I would guess the average North American wouldn't have much more than 20% equity built up in their home so perhaps they are both saying the same thing...?)
Personally, I sit at 15%, but my ounce goal would put my PM holdings (both silver and gold) at 28% net worth, which I would be very comfortable with (ie. mentally at ease!). I don't think having an extra 8% in PM's in such f*cked-up economic (and geo-political) times such as these overkill. Can always lighten the load at a later date.
I consider myself a semi-"metal head" and can very easily see the value of holding cash to pick up assets that have (or will be) considerably devalued today and in the near future. But that's the only reason to hold any large amount of cash instead of PM's.