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Only You Know How Much Gold You Should Own

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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.

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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.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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