{"id":1580,"date":"2016-11-20T18:38:16","date_gmt":"2016-11-20T22:38:16","guid":{"rendered":"https:\/\/howigrowmywealth.com\/?p=1580"},"modified":"2020-05-24T09:55:43","modified_gmt":"2020-05-24T13:55:43","slug":"i-own-too-much-gold","status":"publish","type":"post","link":"https:\/\/howigrowmywealth.com\/i-own-too-much-gold\/","title":{"rendered":"I Own Too Much Gold"},"content":{"rendered":"

I own too much gold.<\/p>\n

I\u2019m an advocate of holding gold<\/a>. I think it is a key part of my portfolio but I own too much as a percentage of my other assets.<\/p>\n\n\n

\"too
Datta Phuge<\/figcaption><\/figure><\/div>\n\n\n\n

Not counting retirement-specific accounts, gold (and silver) make up 54%<\/strong> of my liquid net worth.<\/p>\n\n\n\n

That is way too high for me!<\/p>\n\n\n\n

So I decided to read what some public figures have said or written in regard to the percentage of a portfolio that should be gold (and silver).<\/p>\n\n\n\n

The following is educational only and NOT SEC-investment-advice. So make up your own mind with the help of an appropriately licensed, registered, and SEC-anointed financial advisor.<\/p>\n\n\n\n

If you think you can’t own too much gold as a percent of your asset allocation here are five reasons why you can own too much gold<\/a>.<\/p>\n\n\n\n

Warren Buffett \u2013 Berkshire Hathaway \u2013 0%<\/h2>\n\n\n\n

Warren Buffett doesn\u2019t like precious metals. He has several famous quotes regarding why he doesn\u2019t like the shiny stuff. While I wouldn\u2019t be surprised if he actually did own some precious metals, but the way he speaks he acts like he doesn\u2019t own any. I’m not a Buffett fan but I think you can learn from him<\/a> if you carefully sift what he does from what he says or writes.<\/p>\n\n\n\n

Source: http:\/\/www.fool.com\/investing\/general\/2015\/09\/19\/gold-silver-and-warren-buffetts-warning.aspx<\/a><\/p>\n\n\n\n

Jim Cramer \u2013 CNBC \u2013 No More than 10%<\/h2>\n\n\n\n

Mad Money host Jim Cramer recommends no more than 10% in gold. He recommends owning gold via an ETF unless you have enough money to buy physical in bulk.<\/p>\n\n\n\n

I\u2019m not a Jim Cramer fan, but I include him because he is a big-time stock guy and yet he still recommends holding some gold. I think there is reason to believe the ETFs don\u2019t hold the gold they claim to so I don\u2019t like gold bullion ETFs. I also disagree that gold is just an insurance policy. Pure insurance (such as term or homeowners) is not an asset, it\u2019s an expense. I think gold is an asset class in and of itself.<\/p>\n\n\n\n

Source: http:\/\/www.cnbc.com\/2016\/03\/03\/cramer-best-insurance-policy-for-your-portfolio.html<\/a><\/p>\n\n\n\n

Peter Schiff \u2013 SchiffGold and EuroPacific Capital \u2013 5-10%<\/h2>\n\n\n\n

Peter Schiff recommends 5-10% in physical gold. I was actually surprised by this low number because Schiff talks about gold and silver A LOT. Schiff’s 5-10% allocation to gold and silver does NOT include mining stocks–but that is a different topic.<\/p>\n\n\n\n

Source: http:\/\/business.financialpost.com\/midas-letter\/podcast-peter-schiff-on-gold-the-fed-and-the-worlds-addiction-to-stimulus<\/a><\/p>\n\n\n\n

Tim Price \u2013 Price Value International \u2013 ~25%<\/h2>\n\n\n\n

In the September 2016 edition of Price Value International, Tim Price proposes owning roughly 25% in \u201creal assets\u201d like gold and silver.<\/p>\n\n\n\n

Source: https:\/\/sovereignmanconfidential.com\/pvi_onf_main<\/a><\/p>\n\n\n\n

Mike Maloney \u2013 GoldSilver.com \u2013 100%<\/h2>\n\n\n\n

Mike Maloney is the most pro-precious metals person I know of. He is 100% allocated to precious metals with 90% to silver American eagles and 10% to gold American eagles.<\/p>\n\n\n\n

Source: https:\/\/www.youtube.com\/watch?v=WGrK3AjKvnY<\/a><\/p>\n\n\n\n

John \u2013 HowIGrowMyWealth.com \u2013 10-25%<\/h2>\n\n\n\n

I would like physical precious metals to be around 10-25% of my liquid, non-retirement portfolio. I don’t have an opinion on the amount of silver relative to gold. I am of the opinion that silver is more undervalued than is gold<\/strong> and as a result has more upside potential.<\/p>\n\n\n\n

I think gold and silver are a great way to preserve wealth but they are not a great way to build wealth<\/strong> since they don’t pay a dividend or yield. For many readers that might be obvious but I’m still learning!<\/p>\n\n\n\n

I purchased a lot of gold in 2013, on the heals of the all-time highs, so much of my gold and silver holdings are worth less in fiat than I paid for them. So I intend to reduce my gold holdings as a percentage of my portfolio<\/em> by focusing my savings and investments on other asset classes going forward<\/em>. By doing this I can reduce my gold and silver holdings as a percentage of my assets without selling any of my gold and silver.<\/p>\n\n\n\n

On the flip side, if my portfolio did have less than 5% physical gold I would consider adding<\/strong> to my holdings via gold maples, silver American eagles, and foreign-stored physical gold via a Goldmoney personal account<\/s> held by a trusted and low cost custodian.<\/p>\n","protected":false},"excerpt":{"rendered":"

I explore what percentage of my portfolio I want to hold in physical precious metals.<\/p>\n","protected":false},"author":2,"featured_media":1589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[30,3,77],"tags":[122,86,132],"yoast_head":"\nI Own Too Much Gold - HowIGrowMyWealth.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/howigrowmywealth.com\/i-own-too-much-gold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I Own Too Much Gold - HowIGrowMyWealth.com\" \/>\n<meta property=\"og:description\" content=\"I explore what percentage of my portfolio I want to hold in physical precious metals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/howigrowmywealth.com\/i-own-too-much-gold\/\" \/>\n<meta property=\"og:site_name\" content=\"HowIGrowMyWealth.com\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-20T22:38:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-24T13:55:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/howigrowmywealth.com\/wp-content\/uploads\/2016\/11\/Too-Much-Gold.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2720\" \/>\n\t<meta property=\"og:image:height\" content=\"1340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"John\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"John\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/howigrowmywealth.com\/i-own-too-much-gold\/\",\"url\":\"https:\/\/howigrowmywealth.com\/i-own-too-much-gold\/\",\"name\":\"I Own Too Much Gold - 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