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frankkarl
Member since May 2012
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The Studebaker Effect

- FOFOA - FoFOA

My son is in 4th year business and seems enamored with the paper market and a future as a stockbroker. When I speak with him about gold or silver its almost like a different language. Tangible vs nontangible assets. He can cite numerous paper longs and shorts with which to " neutralize risk ". But its always more paper upon paper.
To suggest to him that maybe a portfolio should contain 5% physical precious metals seems so far off the main stream.
I had some success in the house insurance analogy. If you have a $400,000 dollar house you buy insurance each year for about $1,000 right. Why if the friggin house will never burn down. Well sometimes they do.
So I ask my son, if you have a $400,000 investment portfolio why would`t you consider buying an insurance policy. Buy $1,000 silver or gold each year.
The most notable difference is that at the end of each year you still have the $1,000 in metal. You don`t get your check back from the Insurance company for your house insurance.
Of course I recommend the original portfolio already include 5% physical metals.
I`ll keep working on my son but have to wonder about the business school.

Commented 4495 days ago

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Beginning of the headline :One of my resolutions for 2012 is to spend some time finding new ways to introduce gold-resistant paperbugs to the powerful arguments for buying and holding physical gold right now.But I never want anyone to invest in anything based merely on a recommendation.I want them to understand the reasons for the purchase themselves... Read More

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