Precious metals are lousy investments. But they are pretty good insurance policies. I tell my friends to buy a small percentage of their invest-able capital split between gold and silver and keep it. As I said, PM’s are lousy investments, but I sleep better if I have a small pile in case the worst happens. It will buy you time to make better decisions when a situation happens with no time to prepare. Like the 5 hundred dollar bills one carries in their shoe when one travels to dodgy areas. It may give you options when you really need options.
That sounds reasoned.
“Precious metals are lousy investments.”
Really? I bought silver at 9.65 or so and gold at a bit above 250. Seems I did well in my investments since I have also sold silver at 21 and gold at 1300, plus bought more as prices went down. I’ll be buying more, too.