Only you know how much gold you should own. The reason why is because it doesn’t pay a dividend and it can be expensive to hold. One way to back into the right amount for you is to determine how much you can “afford” to hold in gold if it does nothing.
In other words, understand that above a certain amount your plan is to give it to the next generation. When you think about it like this you immediately remove the “pressure” of “needing” it to do something for you in your lifetime. The simple approach is figuring out your other investment needs and then go after your gold component as if you won’t ever need it.
Action Line: How much gold you should own is a personal question. It’s one I can help you answer for yourself. But, once you determine the right amount make sure you make it part of your estate plan so everyone understands your long-term plan.
E.J. Smith - Your Survival Guy
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