GOLD , NOT ETF`S....HOLDING GOLD AND SILVER ....FOR AT LEAST 2 YRS....GOOD OR BAD ???
THANKS IN ADVANCE ...
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426 points
MONEYTREE answered 4 months ago …
Well i would only hold gold if you personally believed that the economy will get worse and stay that way for a while, because people will flock to gold for safe haven, which could become crowded. i think gold would be a good short to medium term trade, 5 to maybe 8 months, its hard to tell what will happen but i believe the worst is behind us and we will move forward in a slower fashion until we see GDP growth. I would say its good to hold for a several months not years, remember gold hit its highs months back...
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2775 points
Oldman answered 4 months ago …
I do believe for an insurance type of holding, some 5 -10% of one's prtfolio should be in physical gold and silver...and preferrably held in various places: a bit near at hand; a bit in overseas allocated depositaries; a bit in a safety-deposit box (and if you're paranoid about confiscation, get numismatic certificated coins...as "collectibles" thay aren't confiscated under currency recalls). The perfect place to hold some bullion is in a self-directed Roth IRA, there's no tax on sales from that source...and some fiduciaries - and your holdings- are in Canada.
This isn't an investment...but an insurance holding. Don't expect to make a profit...but if the dollar goes way down, and inflation goes way up, perhaps in 10 years the holdings will have kept pace with inflation. It's sort of like having your own well or power generation capability.
