I’ve long said that people with excess savings (funds they do not need for income or spending needs), who feel more secure with some allocation to precious metals, should do so by holding physical bullion or coins rather than paper versions like precious metal company shares, ETFs or funds. And, the percentage allocated should be no more than one can afford to have in negative-carry, illiquid assets (producing no income but requiring storage and insurance fees to maintain.) In my article A Word To the Gold Bugs, I explained the rationale, responding to the precious metals mania raging in 2011.
With that caveat, this recent panel discussion at the VCRI conference is worth a listen.
Danielle DiMartino Booth and David Rosenberg join Jay Martin at the 2022 VRIC to provide guidance on where, and perhaps more importantly, where NOT to park your cash in 2022. Here is a direct video link.
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