Gyroscopic Investing

Hi all forum members,

MISTAKE N.1 : do you have your Gold position in physical form?

I have only 3 ETF's

PHAU:xams

VZLD:xetr

XAD5:xetr


MISTAKE N.2 : Gold should be out of the country where we live.

I don't feel safe having assets far from me 



Please help with your valuable commentaries and opinions.


With my best regards!

Gold is always a trade-off between convenience and safety. Having everything in ETF form allows you to participate in gold's performance benefits during normal times, but you miss out on its "disaster insurance" qualities.

I would recommend beginning to accumulate physical gold slowly, say, a single a coin here and there. Put half in a safe deposit box and keep half in a safe in your home. I would wager that the number of people here who follow the advice to store some gold out of your home country is actually fairly low, myself unfortunately included. Again, it's all about that balance of safety and convenience, and only you can know the right mix for yourself.

Gold in a safe deposit box is good enough for most people most of the time.  I would use this as a starting point if possible for at least a portion of your gold allocation.

It's simple, cheap and very secure.

frugal wrote: Please help with your valuable commentaries and opinions.

With my best regards!

Buy gold coins with 25% and hold the other 25% overseas in whatever forms.  You won't have any rebalancing issues from what I understand.

There is no ideal world
My compromise:
SPDR Gold, ZKB Gold EFT (EUR), ETFS Physical Swiss Gold Trust ETF (SGOL), about 70 %
Boullion vault, about 20 %, that's really nice, altough I really don't know how secure it is.
Coins, about 10 %

MediumTex wrote: Gold in a safe deposit box is good enough for most people most of the time.

Thanks.