Hello! I think that 20% of your portfolio is maximum you should invest in precious metals. Depend on your goals, financial situation, "tendency" to risk, how long you want to hold it, etc... I've invested probably more than 30% of my money I recent months in silver but I will probably sell some when prices increase. I'm selling some now, to get some money to spend it again on silver. Generally I think it's wise to have 24 x your country's average salaries of money in savings in case of some bad events (loose of job, etc.). You will probably get very different answers from people. Investment consultants usually suggest about 10% of portfolio in precious metals (PM).
Whatever you can comfortably afford (without neglecting all other financial obligations) and feels good to you.
Nope 24 (actually I think it was 12) months. I've read this in at least one book and several interviews/articles with investors/about investing. So 12x (24) average monthly salary in your country. E.g. enough reserve to survive (at least) 2 years with that money.
Every oz you can get, and the lower the price you can pick, the more oz it will be. Of course. Why would anyone want a limited amount money / assets / whatever?
There's no one right answer to how much should I have. I think Pirocco's answer above is closest to what my feelings are. It's maybe more important when to buy rather than how much as a goal. And don't heed the permabulls who claim that tomorrow silver will shoot past the moon to $200 or $2,000 / oz or whatever unrealistic figures they throw out hoping someone believes it. Buy low whenever possible and buy what you can afford without causing yourself undue risk. .
Over the last 12 months The Perth Mint have sales records that indicate that for every 1oz of gold, 10oz of silver were sold. 1:10 The mints in your location may have a different ratio and each year may be different. I'm not saying you should buy at a ratio consistent with what other people buy or what the mint sales figures are...just saying. See this thread which was started recently for more info: http://forums.silverstackers.com/topic-42569-perth-mint-bullion-gold-and-silver-sales.html H
Actually, that's 240 more ounces than most people in the world probably own. You don't want to measure against what someone wealthy has or someone who's been stacking for years has. Just buy low as you can when you can...don't count ounces unless you are looking to turn around quick and resell. And even if you want to do that, there's no guarantee that you will make a significant profit anyway after you factor in how little spot may have moved up, time, gas, shipping costs, etc, etc, etc. Now of course, if you have money to burn sitting in a bank account after all other living expenses are covered, then go for more so long as you look for the best deals you can find. Be a smart shopper. Buy some coins in the America The Beautiful 5 oz Silver series...something like this maybe: .
thanks, I am learning so far on this forum. Also, I am not buying to make profit, but as an insurance policy against serious inflation.
1000kg ( about 31 848 Oz) would be about right to make a good go of it when everything crashes and silver hits $400/Oz Jokes aside, you can only put as much as you can afford and keep living your life. Im sure everyone wants to buy more and when prices go up, everyone kicks themselves and wishes they had bought more with hind sight. 240oz really is a pretty good start and more then 99% of the world population will ever have! If it wont break you and you think world conditions warrent being concerned about, add more when you can. You have to be happy with 240oz so far though, congratulations! (Im jealous, but in a good way for you )
I have 250 dimes also and about 10 silver dollars. I also save my nickels (something I cannot get any friends to do). This was like a yr ago: I was at the local watering hole and was talking to a guy that owns a restaurant. The next day he went out and purchased 5000 dollars worth of silver.
Yeah i would be very happy at 240oz. I only have 50 or so ounces myself with a goal of 200oz end of year. Depending on price of course.
My goal for the rest of the year from reading these forums is hopefully 60 more oz. I also save all my nickels because the metal content actually has a value.
