Technically I have some gold and silver ETFs in my IRA that I haven't yet sold, but I would be careful with paper metals. There is strong evidesuggesting there are way more paper claims than physical metals. So far they have managed to shuffle the claims and metals to cover claims, but at some point people will realize the shortage; everyone will try to convert to physical and we will get a worldwide game of musical chairs where more than half of investors will be left with nothing. It will proba6be the big, connected investors who win and the little guys will lose what little they have.
Thanks for the warning. ETFs in general, not just those in precious metals, have proliferated to the point where there may be more ETFs than stocks! I'm not sure how it's all going to play out. I've placed pretty tight trailing stops for small amounts, as a heads up if they start heading down. I may write more about that technique, but it's for guys like me who usually check the status every day - not like 401Ks that most people only check every 3,6,or 12 months.
Technically I have some gold and silver ETFs in my IRA that I haven't yet sold, but I would be careful with paper metals. There is strong evidesuggesting there are way more paper claims than physical metals. So far they have managed to shuffle the claims and metals to cover claims, but at some point people will realize the shortage; everyone will try to convert to physical and we will get a worldwide game of musical chairs where more than half of investors will be left with nothing. It will proba6be the big, connected investors who win and the little guys will lose what little they have.
Thanks for the warning. ETFs in general, not just those in precious metals, have proliferated to the point where there may be more ETFs than stocks! I'm not sure how it's all going to play out. I've placed pretty tight trailing stops for small amounts, as a heads up if they start heading down. I may write more about that technique, but it's for guys like me who usually check the status every day - not like 401Ks that most people only check every 3,6,or 12 months.
I really enjoyed your of your investments and good advice!
This is again, too far above my understanding but well written.