Some buy it for insurance (in which case 3-10% is considered good enough).
Some buy it as a diversifier (Permanent Portfolio would allocate 25%).
https://en.wikipedia.org/wiki/Fail-Safe_Investing
Some don't think it's needed at all (0% allocation).
The highest I've seen someone recommend was iTulip.com (now defunct) during the GFC which was recommending 70% short-term treasuries and 30% gold (recommended to be held via bullionvault).
Your next question will be how to own it:
ETF: GLD, GLDM, SGOL, PHYS, IAU, IAUM, ...
Online: GoldMoney, BullionVault, etc.
Fidelity Precious Metals -- they only allow coins. (There also other custodians that are similar if you google Gold IRA.)
Actual physical coins/bars
All have their pros and cons (e.g. where it is stored and how accessible it is) and different expenses (expense ratio, storage fees, commissions, spread, etc.).
Some buy it as a diversifier (Permanent Portfolio would allocate 25%).
https://en.wikipedia.org/wiki/Fail-Safe_Investing
Some don't think it's needed at all (0% allocation).
The highest I've seen someone recommend was iTulip.com (now defunct) during the GFC which was recommending 70% short-term treasuries and 30% gold (recommended to be held via bullionvault).
Your next question will be how to own it:
ETF: GLD, GLDM, SGOL, PHYS, IAU, IAUM, ...
Online: GoldMoney, BullionVault, etc.
Fidelity Precious Metals -- they only allow coins. (There also other custodians that are similar if you google Gold IRA.)
Actual physical coins/bars
All have their pros and cons (e.g. where it is stored and how accessible it is) and different expenses (expense ratio, storage fees, commissions, spread, etc.).
Statistics: Posted by anoop — Wed May 29, 2024 1:49 am