I know this with vary from person to person, but just curious to hear how much, percentage-wise, everyone keeps in physical gold vs. ETF's vs. whatever.
Thanks,
Adam
Sorry if this has been discussed already...I searched, but couldn't find it.
Holding Gold
Moderator: Global Moderator
Holding Gold
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: Holding Gold
31.5%
Re: Holding Gold
So far, 100% physical.
Re: Holding Gold
56% physical, but I wish I had a larger percentage of physical. If I ever have a chance to rebalance out of gold, I'll be selling my ETFs first to reduce exposure to expenses and ETF risk.bigamish wrote: So far, 100% physical.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: Holding Gold
Me too...gold drive me nuts. I mean, I love gold, but I get a little crazy figuring out the best way to own it. Makes me nervous to have it in my house, but also makes me nervous to have IOU's.Gumby wrote: If I ever have a chance to rebalance out of gold, I'll be selling my ETFs first to reduce exposure to expenses and ETF risk.
It's the one thing about the PP that keeps me from having that total sense of serenity that HB talked about.
Adam
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: Holding Gold
Adam,
Can't you simply add the gold to your homeowners insurance policy?
Can't you simply add the gold to your homeowners insurance policy?
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
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- Thomas Paine
Re: Holding Gold
Adding bullion as a rider to your homeowner's policy tends to be very, very expensive. You're better off going to a insurance broker who specializes in insuring coins. See the Do you insure your Gold? thread for more info.moda0306 wrote: Can't you simply add the gold to your homeowners insurance policy?
Last edited by Gumby on Thu Feb 17, 2011 2:41 pm, edited 1 time in total.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: Holding Gold
100% virtual, sad to say... I worry about it sometimes (GLD, IAU).
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: Holding Gold
Peter Schiff is sometimes pretty entertaining.
Someone was talking about owning gold ETFs one time and he said that was a terrible idea. When asked why he said something like "if someone was breaking into your home, would you want to own a handgun ETF or a real handgun?"
Someone was talking about owning gold ETFs one time and he said that was a terrible idea. When asked why he said something like "if someone was breaking into your home, would you want to own a handgun ETF or a real handgun?"
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Holding Gold
100% physical. A large mayonaise jar will hold more 1 ounce gold coins than any one person needs, or probably can afford. I have a huge fire safe, but the coins are in the dirt outside.
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dualstow
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Re: Holding Gold
52%, but I'm new to the pp and am still accumulating gold.
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
And should you really chase so hard /The truth of sport plays rings around you
Re: Holding Gold
100% physical but i am in the process of switching some of it to ETF, i wont know my exact ratio till the dust settles and the re-balancing is done.....
Last edited by l82start on Sun Apr 24, 2011 7:57 pm, edited 1 time in total.
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-Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
Re: Holding Gold
100% paper, for now. I think when I'm done implementing the PP I will hold about 33% of my gold as physical.
If I were fortunate enough to become really wealthy, instead of using a percentage, I would probably cap it at a hard number like $100,000 worth of physical gold. Holding more than that in a safe in my house would make me nervous. I guess a bank deposit box is always an option.
If I were fortunate enough to become really wealthy, instead of using a percentage, I would probably cap it at a hard number like $100,000 worth of physical gold. Holding more than that in a safe in my house would make me nervous. I guess a bank deposit box is always an option.
Re: Holding Gold
If somebody was breaking into your home, would you want to own gold or a gold ETF? LOL.MediumTex wrote: Peter Schiff is sometimes pretty entertaining.
Someone was talking about owning gold ETFs one time and he said that was a terrible idea. When asked why he said something like "if someone was breaking into your home, would you want to own a handgun ETF or a real handgun?"
I think probably the ETF.
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
Re: Holding Gold
30/35% physical the rest GTU