From 1998 to about 3007 I had a very high allocation to gold, around 70%. Since that time, I have been down to around 50% gold due to a diversification into a Swiss franc annuity that, although profitable to some extent, was way less so than if I had just stuck to gold. I've finally gotten the Swiss insurance company to disgorge most of the value of that annuity, and am putting the proceeds back into gold.
As a result, I'll be back up to around 70% gold shortly, using the Gold Star Trust IRA that ochotona has posted about. You can expect a big plunge in the price in the next couple of weeks to punish me!
(Note: all of this is in tax-deferred accounts, so there is no tax consequence of changing the allocation.)
Getting back to my previous gold allocation
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Re: Getting back to my previous gold allocation
Hi Libertarian666,
If I may ask, what is your strategy with the other 30% of your portfolio? With 70% gold, my guess is that you don't have a lot of faith in stocks and bonds? Just curious about the portfolio allocation.
If I may ask, what is your strategy with the other 30% of your portfolio? With 70% gold, my guess is that you don't have a lot of faith in stocks and bonds? Just curious about the portfolio allocation.
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Re: Getting back to my previous gold allocation
Mostly another Swiss Franc annuity, which I'll be getting rid of shortly also. I'm tired of the foreign account reporting requirements.WhiteElephant wrote:Hi Libertarian666,
If I may ask, what is your strategy with the other 30% of your portfolio? With 70% gold, my guess is that you don't have a lot of faith in stocks and bonds? Just curious about the portfolio allocation.
The rest is about 3 years expenses in cash.
No stocks or bonds.
If there is another big stock market crash, I may reallocate some money to that asset class. Right now I think stocks (and even more so, bonds) are seriously overpriced.
Re: Getting back to my previous gold allocation
Hi Libertarian666,
With a large Gold allocation such as yours, I thought this site may be useful.
https://www.youtube.com/user/belangp/videos
No exposure to Silver?
Hal
PS: And one more on some history
https://www.youtube.com/watch?v=ml2U9_Zi2QI
With a large Gold allocation such as yours, I thought this site may be useful.
https://www.youtube.com/user/belangp/videos
No exposure to Silver?
Hal
PS: And one more on some history
https://www.youtube.com/watch?v=ml2U9_Zi2QI
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Re: Getting back to my previous gold allocation
I like that belangp assortment, too. I was listening the other day.
Silver: if I remember right, tech got burned on it, and is in no hurry to return to silver.
Silver: if I remember right, tech got burned on it, and is in no hurry to return to silver.
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Re: Getting back to my previous gold allocation
I have no great disdain for silver, other than its ridiculous volatility. In fact, I have held CEF for quite awhile but dumped it when the Sprott takeover looked like it was going through (which it did). I don't like Sprott's methods, and am working on simplifying my tax reporting, which CEF makes even more annoying than it would be otherwise.dualstow wrote:I like that belangp assortment, too. I was listening the other day.
Silver: if I remember right, tech got burned on it, and is in no hurry to return to silver.
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Re: Getting back to my previous gold allocation
I'm all in, so of course the price is down from where I bought yesterday morning. This is probably just the beginning of a major drop, so get your dry powder ready!Libertarian666 wrote:From 1998 to about 3007 I had a very high allocation to gold, around 70%. Since that time, I have been down to around 50% gold due to a diversification into a Swiss franc annuity that, although profitable to some extent, was way less so than if I had just stuck to gold. I've finally gotten the Swiss insurance company to disgorge most of the value of that annuity, and am putting the proceeds back into gold.
As a result, I'll be back up to around 70% gold shortly, using the Gold Star Trust IRA that ochotona has posted about. You can expect a big plunge in the price in the next couple of weeks to punish me!
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Re: Getting back to my previous gold allocation
Glad to see that it happens to nearly everyone...Libertarian666 wrote:I'm all in, so of course the price is down from where I bought yesterday morning. This is probably just the beginning of a major drop, so get your dry powder ready!Libertarian666 wrote:From 1998 to about 3007 I had a very high allocation to gold, around 70%. Since that time, I have been down to around 50% gold due to a diversification into a Swiss franc annuity that, although profitable to some extent, was way less so than if I had just stuck to gold. I've finally gotten the Swiss insurance company to disgorge most of the value of that annuity, and am putting the proceeds back into gold.
As a result, I'll be back up to around 70% gold shortly, using the Gold Star Trust IRA that ochotona has posted about. You can expect a big plunge in the price in the next couple of weeks to punish me!