PMs in your portfolio

[ChrisSilver]

Wow! Some really sensible and valuable advice here. I don't think I'm able to 'like' every post!

 

Points of interest: The only assets worth having are money earning assets. Your house is not an asset, neither is your car or boat or your stack of PMs.

 

If it doesn't make you money, it's a liability. Correct?

 

I'm not anti-PMs, far from it. As a protection of wealth, they are unbeatable. I can't remember who said it but, 'making money is easy, keeping hold of it is the hard part'.

Liabilities are something that cost you. i.e. your car costs you to run so its a liability, it can also be classed as a depreciating asset because it has some value it just decreases with time. A house you live in could be considered an asset or a liability, an asset because it has value, a liability because its costing you money to use, i.e. gas, water, electricity, tax etc. PMs shouldn't really be a liability, unless you have a lot and are paying for secure storage somewhere.

I think in the long term, income producing assets are the best. Who knows what will happen with PM prices though, they are relatively so low right now, it could be possible for them to double in price in the next few years, if this happens then it would of course been better to buy PMs, hold, then sell for a huge profit and invest into property. But who knows how long it will take for PMs to increase in price, or if they even will, they might just go sideways for a long long time.

[HelpingHands]

Edit. Changed my mind in discussing this. Ha.

[Kman]

But who knows how long it will take for PMs to increase in price, or if they even will, they might just go sideways for a long long time.

 

That's why I believe it's best to try and get numismatics for close to bullion prices; why not give yourself the opportunity to enjoy the best of both worlds. 

 

Just getting gold for gold has completely gone out the window for me.