Gold and Silver should be a part of anyone’s savings and investings. My personal goal is to have it represent 10% of my retirement portfolio and up to a quarter of my emergency savings.
I didn’t start out believing in gold. It tends to get a lot of hype from doom and gloom predictors and government skeptics, which immediately discredits it. My biggest obstacle to adding precious metals to my portfolio was is it is hard for me to imagine going back to using gold and silver as currency. It is just too out of place in today’s modern society and impractical in the digital world. If there were a dollar crisis, my power tools would probably be worth more than useless metals and I can use them in the mean time. [Read more…]