How much Gold and silver is too much?

[dave606]

I only got into precious metals this year. So far i have put about half of my savings into a combination of gold and Silver. With about 80% silver. Without giving too much info i have between 50 & 100 lbs of silver. Is it smart to put over have of your savings in the metals? I should also say i am over 60 years old. I am not looking for advice just opinions. Thanks for any input. This has really been a big concern of mine lately.

[ichigo]

How well do you trust fiat? I would say there will never be too much PM for anyone as long as you can afford it (Humans are greedy you know). Chris Duane recommends 1000ozt if you could afford it. My personal opinion is that as long as you don't put everything into PM until you don't have enough fiat for your living before the financial system collapses, you should be fine. At 60 I would think about medical expenses as well. This is what I am thinking and I could always be wrong. You have to apply your own judgement.

[harbl_the_cat]

ichigo's right.

I'm 28 and put 100% of my personal investments in gold and silver at an average cost of about $35.

I'm working, have about 6 months worth of expenses saved up in cash, and my wife's portfolio is still primarily in paper assets heavily weighted in Canadian oil and gas companies.

I believe in the fundamentals of silver especially (but also gold) indicate it's got to be the biggest opportunity in history. That said, until the day fiat currencies collapse and as long as the criminal paper silver market continues, it's going to be a tough, stomach churning ride for those with physical.

If you have your angles covered and don't need to liquify your metals until it's gone parabolic (I'm talking something like a 700% increase in a year, as was the case in 1979-1980), I think you still don't have enough metal.

That said, I think there's prudent ways to buy metal. If you don't have an ounce to your name, provided things have not gone parabolic, there's no price that's too high.

If you have as much silver as the OP or in my case, 1 year of personal income ins precious metals, I'd say it's time to start taking a more measured, analytical approach to stacking - but don't stop.

[daniforfree]

I think the answer should be every day (week, month) regularly by opportunities for everyone.

[DeaconTom]

Well Dave in "my opinion" it depends. Have you have made all your preparations for the possible hard times (or not so hard) times ahead?

If not, then do that FIRST! Even if Silver (and Gold) are money there are some things they just will not buy when you really need them.

If you have, then there are two stages. Silver for wealth preservation and Silver to increase your wealth.

To preserve it follows the more wealth you have the more silver you have to buy to preserve it. So stack it High and sleep easy.

If you are not wealthy then in 'my opinion' you need only as much as you can carry. I read somewhere once that a 1000 ounces is what a person needs live out the rest of their lives in the future. That is a little less then 72 pounds. This would easily fit in two large ammo boxes and carried by the average person for a modest distance.

To increase your wealth put what ever that's left into "Preps for charity" and/or mining stocks. Either one will increase you wealth. One spiritually and the other monetarily.

The most important thing to remember is that the world will not end. It may end as we know it, but it will not end. When it looks like all is lost and it will never get better, then that is the time to start selling off some of your silver (and gold). It doesn't matter what the medium of exchange (money) will be. The Neo-Dollar, the Amero or Federation Credits, use the 'money' to invest in what your think will increase in value and increase your wealth. Be it real estate, stocks of good companies or your own business. THAT is the final goal. First survive and then prosper. Nuf said...

[Skybird]

How much gold and silver is too much? Sounds like you want a sanity check. Me too. I have been asking myself that question for the past 4 years.

I am well over 60 years of age. I saw what was going to happen in early 2008, but I did not act and did not want to believe it. After the 2008 "crash" and after I lost a great deal, things began to come clear to me. I began buying gold. My intention was to convert 10% of my worth into gold. Since then, and after a lot of study during the past years, I have cashed in all paper (insurance policies, savings bonds, IRAs, 401k, etc.) and converted to metals. My total worth is now 90% physical metals (mostly silver). My wife thinks I am over-reacting but does not object. She is just overwhelmed by the world situation and does not want to think about it. She is the maJority.

How much gold and silver is too much? I have no idea. We are living in unknown times and I am going by my "gut" feelings. I see nothing else to put money into. Paper money shrinks daily. The world is upside down. I just keep stacking.

[97guns]

gold and silver is money for me, i keep none in the bank.

[nigerian prince]

i guess it all depends on when you feel you have enough, and thats it..

[Highlander]

The current expected life expectency of a US citizen is 75.6 years for a man and 80.8 years for a woman. I think most people want to plan to live forever but acknowledging your own mortality and planning for a reasonable time frame can be important for enjoying your remaining years to the utmost.

I had a boss once who was 67 years old. He had millions of dollars and a 7 million dollar "cabin" in the Rockies he had only been to twice in a decade because he never took his vacations. He talked about his plan to have 12 years in this asset and 10 years in this other asset and 14 years in xyz. I told him he should retire to his cabin because statistically he has 8 more years to live and if he gets another 8 on top of that he's in the top 1%.

[SilverGuru]

Silver and gold are more than investments, they are actually money. They question then becomes what is the value of money, real money. Money is given value by people. Silver and gold, unlike paper, have inherent value because they energy needed to extract and refine the metal. That being said, the value is also a product of supply and demand. So when there is a fear of paper assets but also a need a store of value, people inevitably turn to precious metals as is their role. But we also must take into consideration that a present, the metals are not able to be used for payment of debt, although that is beginning to change is places. Given that it takes energy to convert metal into cash, we must have enough cash to fulfill any near term debts and expenses we might have. Further out than that, when I see that the market is secure and the trust starts to return to the monetary system I believe that will be the time to the need for an alternative store of value is no longer necessary. Also keep in mind that if we return to a commodity backed monetary system, they value of the underlying commodity will probably be undervalued. As was the case after the great depression, the price of gold was set at $20 until one year later it was revalued to $35. My conclusion being to own when it is needed, sell when it is not.