Quote:
Originally Posted by BlueHair
A question for the financial guys (or gals) on the board. I was told I should have between five and ten percent of my assets in gold or other precious metals (but preferably gold). Is this sound advice? Ten percent seems like a lot. If it is good advice, what is the best way to accomplish this? Is it better to buy bullion or invest in gold stocks?
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I think most people would tell you you don't need it. Some would say you do and to the tune of 5% or so. But unless you have a lot of money, the transaction costs will eat you up, so it's probably not something to consider unless you have over $1M. I'd go with a commodity index. Just gold even only at 5% is too much unneccesary risk.