This is why I'm a fan of asset allocation.
If something is on the way up, you sell to keep it at your prescribed percentage. When it's going down, you buy.
I try to keep precious metals at about 5% of my portfolio. Selling off as the price rose and buying as the price fell.
Not a perfect strategy, but it eliminates the extremes, both gains and losses.
Originally Posted By: Bandito440
Originally Posted By: zpinch
I couldnt say exactly what would go up and what would go down, besides silver and gold, they would relatively hold their true value... Maybe some volatility for awhile, but it is always a good bet.
Gold is always a good bet? Let's look at the 5-year chart. Zpinch, when did you buy yours?
If something is on the way up, you sell to keep it at your prescribed percentage. When it's going down, you buy.
I try to keep precious metals at about 5% of my portfolio. Selling off as the price rose and buying as the price fell.
Not a perfect strategy, but it eliminates the extremes, both gains and losses.
Originally Posted By: Bandito440
Originally Posted By: zpinch
I couldnt say exactly what would go up and what would go down, besides silver and gold, they would relatively hold their true value... Maybe some volatility for awhile, but it is always a good bet.
Gold is always a good bet? Let's look at the 5-year chart. Zpinch, when did you buy yours?