stockanalyst, Depends on what's happening at the time but mostly worldwide, a pile of cash (different currencies) has been preferable to a house just recently.
I converted my super to 50% cash just before the GFC, lucky me, those of my colleagues that stuck with the balanced scheme lost heaps, down by about 40%.
I know plenty of unfortunate punters who got sucked in by the 'get rich quick' idea of investing in property in the lead up to the GFC. Now some of them are broke.
What do you think is a reasonable percentage of your investable assets to have in precious metals, excluding your house?
