Precious Metals

How Much Gold Should You Own?3 min read

Oct 12, 2021 3 min
Gold Bars

How Much Gold Should You Own?3 min read

Reading Time: 3 minutes

Many people fear that the economy could be in big, big trouble.  We are printing money and giving handouts, yet somehow the stock and housing markets are doing just fine as I pen this article.  But for how much longer?  When times of crisis start to unfold, it’s time to own gold and silver, but how much of your portfolio should be in precious metals?

How Much Gold or Silver Should be in Your Portfolio?

Look around, visit many financial websites, and you’ll see that traditionally, the generality is that gold should be about 5-10% of your assets, or even as high as 20% if you aren’t adding your home equity into that number.  Some extremists will argue that having “that little” gold could be a problem for the eventual turmoil that is certain to catch up to us.  If you are playing things safe, a lot of people are saying to defy logic and up your gold holdings before it’s too late.

owning gold

If you aren’t educated on the many ways you can buy gold and silver, it’s time to speak with someone who can give it to you straight.  Your financial advisor normally won’t profit from selling you physical gold, so you’ll want to take their advice with a grain of salt for once.  Billionaires, and some of the wealthiest people in the world hold gold and for this reason, they largely are unaffected by financial turmoil and economic downturns.

The best company that can talk to you about gold investing, is GoldCo.  Click that link and you can get a free gold investing kit as well as a consultation with someone who can explain the in’s and out’s of how you can not only buy gold bullion and store it, but also how you can use your retirement savings and convert some of it to a gold & precious metals backed investment.  It’s a little known IRS loophole that the current leadership is trying to change, so you need to act swiftly.  You can also read more about this process, as well as see other companies that I’ve looked into, on the Gold401k Rollover guide.  This is perhaps the most useful page about gold on our website, and it was set up with your retirement in mind.

It’s really time to figure out how many ounces of gold you should look into buying.  Unlike a lot of things that get published on the web, this post WILL age well.  Questions are asked quite frequently about when is the right time to buy gold, so we feel that investor sentiment is heating up as there is more interest than even a year ago.  

Again, you’ll see variances in what people recommend in terms of how much gold you should own, but here are some excerpts from around the web for your own reference.

  • Jim Cramer, host of Mad Money, suggests 10%
  • DataTrek Research co-founder Nikolas Colas suggests 10%.
  • Financial blogger Len Penzo points to expert opinions recommending 10-20% (excluding your home equity) in precious metals.
  • Jerry Wagner, of Flexible Plan Investments LTD. says 20%.

If you are still on the fence about owning physical gold, you can always get some skin in the game by owning gold backed mutual funds.  This way you can trade on your favorite trading platform, whether it be ETrade, TDAmeritrade, or wherever you trade stocks.

 

 

 

Your email address will not be published. Required fields are marked *