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Reply to "Age 55 what % precious metals?"
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[quote=Anonymous][quote=Anonymous]I'm worried about the dollar and the debt. And war and inflation. I want to put 1/3 of my retirement funds into a diversified precious metals fund. My broker could barely contain his disbelief. He said usually he recommends 5% in precious metals. What are your thought? [/quote] So, this is why any conventional wisdom on precious metals doesn't really hold in the hedge fund era. War and inflation are now here...yet gold and silver have dropped 15% and 25% respectively. Why? Because the hedge funds sold all their precious metals (which they used a bunch of debt to acquire) and bought oil. Gold is down 7% just today and Silver is down 12% just today. [/quote]
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