Some will, some won?t. ?As a retiree, I know a lot of other retired folks and they are just as diverse as the rest of the population. ?The 500% gains in gold and silver over the past 10 years have NOT escaped our attention even if it has those in the media. ?
I notice that this CNN blurb did not mention a full decade of PM performance that VASTLY exceeded that of all of the stock and bond indexes. ?In fact, while gold and silver were rocketing upwards, those same much?ballyhooed?assets were falling flat on their faces in 2, not 1, mind you, exceptionally vicious bear markets? 2001 and 2008? in the same decade! ?Now if one was looking for a way to lose retirement money, something should be said about stock and bond bear markets. ?But was it? ?Noooo, of course not, because these guys are part of the elite owned media and their job is to beat the drum for paper assets while telling lies about precious metals and other real assets. ?Remember, folks, these are the same yokels who were telling us all to jump into real estate when it was at the very height of its bubble in 2007. ?So much for their track record!
They did mention the long time periods when gold and silver languished. ?Those of us who know better, recognize that as a PRIME period of accumulation. ?:-)
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They also mention that it might be OK to invest a SMALL part of our portfolios in PMs. While everyone needs to select an asset allocation that suits them, I would not put less than 15-20% of my wealth into gold and silver and a similar amount into base metals, oil, timber, agriculture, etc.
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