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The time for precious metals rather than currencies may be upon...

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nippy

12,379 Posts.

764

12/05/24

15:48

Post #: 73785196
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Originally posted by MasterStrategist: ↑

Nothing comes without inconvenience, luck and risk - I agree, Nip. But the one thing I suggest to the young investors I work with, is to regard one's unencumbered PPR as a safe anchorage, given the inevitability of a Black Swan event - together with a 5%/10% allocation of physical, precious metals. I look on those two investment vehicles as a form of self-funded insurance, which in turn lowers one's aggregate risk profile of total failure while trading stocks.
That said, if one believes they have the expertise to go down the stock road alone without above mentioned insurance, that's fine. In the end it just depends on one's appetite for risk. For me, well I like a safe anchorage to sit out the storms, so I might fight another day in the jungle that is the stock market.

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The time for precious metals rather than currencies may be upon us the way debt levels are going. Their time is not the answer all of the time of course.

Having the skills to go ok on Alone may be a good investment to teach the young as well as some Black Swan events are bigger and more devastating than others.
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