I believe in a well rounded family of assets, this definitely includes Precious Metals (PMs). The question is to what degree. I have watched people go back and forth on this issue and the only conclusion I have arrived at is that some PM is part of any well diversified portfolio.
I am fond of the 50 : 1 ratio of silver to gold, and strive to keep to some semblance of that goal.
My current PM holdings consist of;
Recently, I have been buying platinum. It is below gold currently and therefore likely a better value.
I have capital set aside to purchase more Gold, but I am waiting to see it drop below the $1,200 threshold. I also have a decent variety of Rare Earth Metals, but they are difficult to put a current value on, so I keep those mostly as a collection rather than an asset.
Current Prices; Precious Metals
| Precious Metal | Spot Price | Change |
|---|---|---|
| Gold | $1,200.40 | -0.13% |
| Silver | $14.53 | -0.07% |
| Platinum | $792.35 | 0.03% |
| Palladium | $984.05 | -0.15% |
I also believe in physically holding my PM rather than paper ownership from halfway across the country. This is a good secondary reason for constructing your very own Panic Room. A part of my brain will always have to admit that the percentage of my portfolio kept in precious metals in a hedge against inflation, but also a backup for an end of the world scenario which I am unashamed to confess I think about way to often to not be considered a paranoid hobby of mine.
I love collecting silver and gold coins. Nice blog you have here. It looks like you are well on your way especially with your netWorth
If you have never seen the Panamanian Silver 20 Balboa coins, check them out. They are huge at over 3 ounces each.
I’m trying to get my GF on board to get more exposure to PM. You have a very nice stack, I’m hoping to accumulate some more at these depressed prices!
Thanks for sharing.