I personally have 10 percent of my wealth in gold. I have a friend visiting China right and he sent me a few pictures of Buddhas made of gold. Ancient Egyptians displayed their gold as wealth, so I believe their possession of gold was greater than 10 percent of each country's worth. I go with history
Gold (and silver) has been venerated so it follows it would be used in religious idolatry. The veneration of what is physical is a dumbing down of what is nonphysical - that which is spiritual. This is a reason many stack. Possessing gold brings euphoria and a sense of calming security. But authentic spirituality does not require cheap tricks. Personally, I would remove this aspect from my analysis. I have religion. Will possessing gold provide security in turbulent economic times?
@@MrDavidknigge "Will possessing gold provide security in turbulent economic times?" I would reverse that comment to, "Will not having gold or silver provide security in turbulent times." I know that life does not provide much in the way of guarantees. We pretty much take it as it comes and roll with the punches. For me, though, I would rather have gold and silver in hand than not, especially during hard / turbulent times. I also see 3-5% PMs as a miniscule amount of one's wealth to store in a hard asset, unless one is very wealthy and that 3-5% amounts to a considerable sum. Not that those who do don't also have other hard assets, such as real estate, a business, etc. In my own case, I don't have a lot of other hard assets, other than our home and some personal property, such as cars and the usual "things" in life, so for me, a higher percentage in PMs is a perfectly rational decision. Currently, this is about 20%. I can see raising this to 25% but not more than that. During a bond or currency crisis, PMs will gain in value. How much is anyone's guess, but I am thinking that 4-5x would not be unrealistic, given that gold has risen in price from $250 an oz. to $2,000 an oz. or by a factor of 8x since year 2000. If so, then 20-25% in PMs will maintain my wealth without becoming obsessive about it. Also, I only put money into PMs that I am pretty sure I won't be needing for a while, so it's not like the other aspects of life are being deprived.
@MrDavidknigge Here is something straight from the Bible. In the last days they will throw their money into the streets. I believe the Bible was talking about currency because God said their money. Robert Kyosaki always refers to silver and gold being God's money
I feel that you either see gold/silver as the antidote to all the poisonous economic tricks being played on us, or you don't. I'm putting way more than 10% into precious metals.
The owner of my company (my mentor) got me into gold/silver 5-6 years ago. He is very well off. Buying a new rolls this year, well off. He always told me, “spend what you won’t miss”. Leverage the money that the feds know about to earn more. Buy gold with the money no one knows about
My grandfather told my Dad that his gold was in a can of wheat. After he passed away, my Dad was taking a lot of his unwanted items to the dump. He described to me launching these containers of wheat and watching them just explode on impact. Then he saw something shiny cone flying out of one and he instantly remembered and started kicking himself.
I know what you mean. My own great grandfather was a successful farmer and land speculator. He amassed a good sum of money and kept it all in US gold coins. This was back in the early 20th century and up to about 1920 or so. Unfortunately for the family, he buried it somewhere and did not tell anyone where it was, even his wife. I understand the value of keeping one's finances secret but one can go too far with it and this is just one example of that. 😕
It makes sense for the ultra rich to not be heavily invested in gold, firstly because they have enough to spread out potential losses for better returns later, they own multi million dollar assets and have bank accounts around the world, again hedging their bets. The average investor should have a higher gold or silver allocation because it preserves their wealth when those high end options are not available.
You give a good perspective on how wealth preserves itself. If we don't have the "connections" the wealthy have, then we need to establish a personal relationship with the King and Queen, of metals, that is. Thank You
Hi, I have al little gold and a little bit of silver. My main invest is holidays and the memories they give me, time is precious spend it well my friends 😎👍🏻
Sunday I had a great time! Meal and movie with a friend. We purchased our MI tickets and went to the restaurant next door that turned out to be a winery. We each had a bowl of lobster bisque soup, a glass of Moscato and shared fries. Great food, great conversation and a great movie. My first theater movie since the pandemic. Of course, I had ordered my 1/10 oz of gold last week. Keep stacking!!!😊
in all of human history the wealthy have not been wealthy because of the gold they own - it's down to the productive assets they own. Historically that's land - these days it's still land plus companies or shares in companies etc - it has to generate an income. Gold is a break glass diversifier that's it. Holding gold doesn't create more gold, nor does it compound - it just freezes in time your purchasing power for a portion of your wealth and this is part of risk mitigation
My asset allocation is: 44.3% direct private business investment 30% real estate 14.7% stocks 7.5% precious metals (50% silver, 47% gold, 3% platinum, will trade the silver up to 75% gold when the GSR lowers) 3.5% cash/money market funds I've considered upping the precious metals percentage to 10%. I believe the only way out of the current US debt load is to inflate the dollar along the levels that were seen back in the late 70s and early 80s. Russia and China are already being set up to be the scapegoats for wanting to use their own currencies to trade in light of the US weaponizing SWIFT against Russia.
Great video! Very interesting. I appreciate the work you put into the breakdown of asset classes. Gold can be an off the books sort of asset. If you have it, you normally don’t talk about it. Therefore, although most people don’t have it, I still believe there’s more people out there holding some than not. Despite all the claims of silver to the moon, it’s interesting how none of the hwi advisors talked about silver. Gold is wealth. Best wishes to all!
I think the 3% or 5% numbers for high wealth individuals is probably about right. I bet most of them did not get rich by stacking gold so therefore they don’t really see it as a necessary asset to have in bulk. Generally extremely wealthy people are about as financially educated as the rest of us, which is to say not very much. They are content with being rich and trusting a professional financial advisor to tell them what their money is doing, and if that advisor tells them 3% is enough gold, then that’s what they go with. understanding the value of holding physical metals has nothing to do with being wealthy, it has everything to do with educating yourself. Until the stock market and real estate markets take a serious tumble, they probably don’t have much reason to change that approach.
Great research, thanks for sharing. Ray Dalio recommends 7.5%. Harry Browne recommended 25%. Warren Buffet recommends 0%. The right amount is probably somewhere between those three numbers and varies by individual.
The Golden Rule - He who has the gold makes the rules. I have a lot more faith in the rule than I do in the full faith and credit of the US government.
I bought a 73 Barracuda because I liked it. I thought, maybe it would increase in value with time, but never considered it officially in my savings. It's funny to see it on an investment list.
@@2is1gold I recently say the muscle car of my dreams. It was not forsale but the owner allowed me to look it over, inside and out. It was a deep green 1966 Pontiac GTO with the M21-4-spd. manual trans, 4:11 gears, black interior, and the 421 CID V8 engine. Man, was that a gorgeous car! It looked as if it had just rolled off the assembly line. I was reaching for my checkbook when my wife put her hand on my arm and said quietly, "Down, boy." lol But maybe that's for the best. Dreams are often best kept as dreams.
I have closer to 20% of my wealth in metals. Just a few years ago it was less than that then the price went up and here we are. I know of at least one person who lived in a trailer and had a safe worth far more than his house. In it he had his gold and silver holdings. That was the most impressive amount of metal I have ever seen.
@@2is1gold Hopefully so. It also could be a sign of obsessive / compulsive disorder. Not that most of us don't have at least a little of that in our lives. lol
In not in those top categories mentioned but my Au holding is a 'high' percentage of my total net worth. I stopped buying above 2k/ buffalo but look forward to buying a few more in coming months
Great video man keep up the great work I personally think and this is just my opinion that it’s higher than 3%. I think it’s more of a hush hush thing and most people want to keep it under raps.
I prefer to think about the amount I'll need for 2 years if something happens to my other investments and pensions. Pricing that out at today's current FIAT exchange for gold, I would need 2-3 ounces per month to cover basic needs and typical bills. Multiply that by 2 years, .....and I still have a lot of work to do before I'm covered by my gold stash. I'll will get there some day.
It would probably seem right to have Gold in that spot on the investment list, as you get more wealthy the higher amount of gold to back you up should be necessary. whether that is related to my situation might be another story. i just know that i like Gold. One of the goals right now is to simply prepare for what might come in the future
I always watch till the end.. As for the topic, I wonder why rich people buy stocks and bonds and other paper assetts if I had 30 million half would be in Land and the other half would be in gold.. I like "Tangible" assetts. I understand "Greed is Good" lol..but why risk it ...
There is a certain kick and enjoyment of purchasing Gold Coins initially but it wains. Having 100 or 1000 oz of gold probably doesn't 'do it' anymore (except for possibly the Scooge McDuck types). I am getting my kicks at the moment buying 'Cheap' 1 oz Gold coins at around 3.15% above spot from an Online dealer in the UK and waiting to see what gold coin they send me. Today I opened up the coin packaging and got a 1993 Gold 1 oz Nail-tailed Wallaby Kangaroo Nugget $100 Perth Mint Bullion Coin.
I have 4 ounces, which is 28% of my wealth. It's high percentage but i'm not wealthy. I'm 31 years old. Actually it's not the percentage of my total wealth, rather it's the percentage compared to the cash that I have.
@@daddylandlord5575 yeah 25k cash sitting in the bank, wouldn't know how to invest except buy more gold. Land or real estate is to expensive. I don't believe in stock or bonds.. Last year I bought a 15k machine for my business I have everything I need for the moment.
I have a rich uncle? Where? That's the correct quote, right? It's not "Fortune favors the bold" - urban legend? Been mega busy with work, end of the fiscal year. "Spend it or loose it!" - I can't stand that, makes for waste. Anyway, catching up on videos good sir!
Nice you did hit a area that will be hard to know. The Richer the person the less they tend to show it unless they play sport's . Good Video have a great week & Thanks'
I'm back and forth over the percentage of wealth in PMs - I'm somewhere between 5 and 10% - but that is because I've held for some time without adding any PM due to the high premiums - and my overall wealth as gone up so my percentage has gone down a bit...although there is other gold and silver I have around that isn't counted.
I’ve been a buyer for a while; and see a lot higher premium coins on the table. My approach is bullion (oz) not coins (gov mints) at the lowest premium available. I would really be interested to hear your thoughts or even have it covered in a video. My context and basis is....A kilo of silver or gold is a kilo. Why pay for the increased premium? I don’t have that answer. Thank you.
Coins are just easier to sell. I don't have any problems with bars, but private sales are harder. I also don't find a lot of cases where the buy to sell spread is better on bars. If I can buy a coin for 5% premium and sell (to the same shop) for 2% or buy a coin at 3% and sell at spot, that's a 3% spread. I can buy a bar for 2.5 or 3% but I can't sell it to any of my dealers for spot to get that same spread. Last thing is just a preference - having gold behind a plastic and cardboard assay isn't my first choice for storage or quick verification. That's my thinking on gold. With silver, I lean toward bars since they tend to be the clear winner on buy to sell spread. Cheers!
No limits to owning gold, especially if you have kids, I don't and will never. I had Dr cut my goods to be sure... I got Off track. I don't get hung up on %s or stopping at a certain number. I'm buying whenever I can. Short term goal is one 1oz coin and 1/4 ounce gold coin a month. Sometimes it's two 1 oz gold coins a month, if I work enough overtime. I have some gold coins from foreign government mints, but I won't own more the 25 oz of those coins to avoid taxes if I ever had to cash them all in at once. The sky is the limit. Buy as much as I can while still having that fake fiat on hand.
I'm putting more and more of my money in gold & some silver because I trust the dollar (and all other fiat currencies) less and less. I can't understand why most people do not equate PMs with wealth. In 1964 three dimes would buy you a gallon of gas. The value of those same three dimes today will still buy you a gallon of gas. In 1933 an ounce of gold would buy a man a nice suit. It still will. Dollar wealth is fleeting. Gold wealth is forever.
I’d be interested to know if people at different tiers of wealth change their percentage with changing economic situation’s. It seems it’s becoming more and more widely known amongst the general public that we are going through a major economic shift, and despite the fact that we’re currently in party mode with equities, I wonder if it’s times like this where percentages might be increased among the smart money.
My Uncle Sam has gone a bit crazy in recent years, but rumor is he has bunkers in Kentucky, Colorado & New York with piles of Gold squirreled away. Might come in handy since he spends like a drunken sailer on top of his dementia. He seems to have lost his way, poor thing; well Bless his Heart. ❤
I have often commented on how well my gold stack has done. But thinking about it, most of the inflation adjusted gain has come from gold bought before 2008, 204%. My later purchases are in the black but not by a great amount, 18.45%. Both of these have costs converted to 2023 dollars. The raw profits are 452% and 30%, respectively. So I can see why some folks are not recommending gold as a good investment now. Many people think gold and silver are at bargain prices now. I'm not one of them.
That's great perspective. I'm not one who thinks we're looking at bargain prices - just looking at something that should float on a rising tide. Cheers!
In the 1980s I bought some gold, got a loan on it and bought more. That was a money making opportunity. Now I'm retired and my concern is preservation of purchasing power. When I started driving about 1970, I used to get gas for just under 25¢ per gallon. Now it's almost $5 per gallon, but that same 25¢ piece (pre-1965 silver quarter) will still buy a gallon of gas. That is the reason to buy gold & silver.
@@kathyshellen I say buy both. I wouldn't put my cash in real estate because that's definitely going to crash. Americans own debt including those federal reserve notes. By you owning gold and silver you can buy whatever you want when things crash and burn.
As someone who worked with the UHNW, from personal experience it’s more like 25-30% physical allocation in Zurich vaults insured by Lloyds of London. Never trust clients or advisors to tell the truth.
Since most of us aren't in the 30 million bracket, gold=cash. I feel keeping 10% in cash/gold and treat it interchangeably is safe. If the average paycheck is $65k, 2 oz and 2.5k cash tucked away per year for 30+ years isn't too crazy.
I’m at about 3% myself at present, but have a tentative goal of about 10% of my current net worth by retirement. With any luck that amount will stay around 3%, assuming proportional increase across the board.
I guess it depends on your station in life & worldview. I'm approaching 60 & I don't trust the government or the financial system so for me 3-5% in PM's ain't quite enough. Hard assets of land/real estate, PM's, & collectable firearms is where I'm at. 20-25% in PM's feels right for me & I don't see any downside with that or more.
Im young and dumb. Im 21 now so ive just started collecting gold but im not making alot so ive been spending 30-40% of my monthly wages towards gold if i see a decent enough dip that month. Managed to my most recent 1/4 oz britannia for £400 in the local. Should i keep buying 400 410 430 on websites for premium coins?
The Royal Mint's 1/4oz Tudor Beasts could be an interesting moove. Priced just above Brittanias, but the premiums could rise as the serie goes (just like what happened with the previous Queens Beasts series)
@florentcauquil2755 interesting thank you. I'll look into them. I love this guys channel but he can only want to talk about British enough since he mainly talks American and Canadian.
What’s the point of thinking of your gold as X % of your assets when the rest of your assets are in fiat? I think your way of thinking in terms of scenarios makes a lot more sense.
In normal circumstances 3-5 percent is probably just fine. I however, think that we live in a time far from normal and are in jeopardy of the U. S. dollar collapsing at some point in time. Zero times a Trillion is still zero.
I asked an investment rep for wealthy investments, he said stay out of silver, as it just tracks inflation at 3% and where's the fun of that. Equities at 8% is where it's at. He said normally he'd reccommend 2% in metals if you really want to, but also noted that a lot of wealthy clients 'have been buying more gold than normal' lately
I don’t think they look at a %, it’s just a number they want to get to. Everyone will be different based on risk tolerances and vision Example: 50k cash, 25k gold, 15k silver, 100k crypto, 500k growth stocks, 1m real estate.. Focus should be moving to assets that give residual income. Have hedges and emergency funds in place. Have a little fun with collectibles and enjoy life. The end isn’t near we have a ways to go!
I'm only speaking for myself but I think anyone that pays attention to what's happening with paper assets should have no problem investing 10% of their wealth in physical metals. I'd say take it up to 20% if you really believe. After 20%, I think you're taking on more risk than potential reward. Stay diversified. Cash, stocks, no US Gov't bonds, cars, guns, bullets, food, booze, art, and precious metals. BTW, I know a lot of wealthy people and these people have become believers in precious metals in the last 4 years. They see the writing on the wall for the US Dollar. Cash is trash.
I am working on finding a local physical trader(newbie). This might be an unanswerable question. Which do you think will be a better choice, a large location or a small hole in the wall? I have both. Los Angeles has endless options.
Gollum says that report is a lie. His portfolio includes a rotting pair of shorts and the one ring. You may notice he also doesn't wear the ring on his finger (or sleeve, for that matter). Cheers!
That awesome vid,for me it's depend on our income n ages ,the higher the income the less the pencentage ,I make 20% from my portfolio 😁,thanks Brother for the great sharing info, 😁
Wealthy and ultra wealthy should all be thinking the same way. Once you have more than you need, and you have enough income generating (diversified) assets to make obscene or at least insane growth, the amount you take off the table just doesn't matter. Off the table is the point. The 11/22m Estate Tax exemption begins to come into play. Keeping (hiding) personal assets in C corps, trusts, & foundations come in to play... I don't want the uber rich to buy more than than 3% of their net income (or worth) in gold! That will leave enough for the rest of us...
I realize that isn't very realistic, unless I win a big lottery jackpot, but I can dream... I can also stack the amount I can when I can. Everyone had to start somewhere, right? Thanks again for another excellent video.
My bit of knowledge on the subject is people's quantity of gold is like asking a woman's body count you have to multiply. So if they say 3% it's more like 50%
3 to 5 Percent? In my humble opinion way too low. If someone asked my opinion, I'd say between 25 and 35 for starters, or perhaps situation dependent as you mentioned. The more the better.😂
3% Gold (not including what I’m leaving my children) 10% cash “off shore”. 18% Real Estate 35% commodities 25% equities 9% art and antiquities. Equities I should reduce but I went Risk off late 2022. Cheers🥃
I feel 3% would be the minimum. Would be interested in knowing if ultra-high net worth people prefer bars or coins due to size/portability. Unrelated but have asked younger people (40s and younger) and found most prefer bars. Most of their life coins/change was a nuisance. Makes me think if I wanted to hold gold for 20+ years it may actually be better to hold bars over coins. Any thoughts 2 is 1?
I don't have a story like that. My family had more of a military past. As do I... See a dip today...I need to save some cash...so this month just a 1/2 Eagle for me.🤜💥🤛 Speaking of the dogs playing cards painting...Everyone had one hanging on the wall of our barracks.
With all that is going on and I’m FAR from high net worth category in my late 60’s Jim at 10% gold and wishing it was more. I’m a firm believer that Gold and silver IS God’s money and He’s been damn good to and for me since I’ve given him control of my life 12 years ago. 🙏
@michaelrussell5736 A nothing reply. If you don't have an answer just say so. Didn't your "god" also say you can't worship "god" and mammon? Why oh why is it the most "religious" who never read their bibles? 🙂 (Actually, the answer is that if they did read their bibles, they wouldn't be christians for very long 😆)
Thank you for proving my point in my pervious reply. Let’s just agree to disagree. There is certainly enough room in this community for all opinions and thoughts. You have yours and I have mine. It’s all good. God bless.
Well investing into the Commercial Real Estate Market might be a risky at the moment. I will stick with my Gold, Silver and Crypto and my Fine Art collection of Dogs playing Pool and Cats wearing Military Outfits from the 18th and 19th Century....always a great investment! 😁
I think % would reduce as net worth increases. Someone worth $1mil might realistically own more than $30k in gold. Let's say a tube of eagles. But Warren Buffet? If he were to follow 3%, he'd have over 50 tonnes. There comes a point where they own 'enough' (for what exactly) but will continue to invest in other assets
I personally have 10 percent of my wealth in gold. I have a friend visiting China right and he sent me a few pictures of Buddhas made of gold. Ancient Egyptians displayed their gold as wealth, so I believe their possession of gold was greater than 10 percent of each country's worth. I go with history
🤜🤛
Gold (and silver) has been venerated so it follows it would be used in religious idolatry. The veneration of what is physical is a dumbing down of what is nonphysical - that which is spiritual. This is a reason many stack. Possessing gold brings euphoria and a sense of calming security. But authentic spirituality does not require cheap tricks. Personally, I would remove this aspect from my analysis. I have religion. Will possessing gold provide security in turbulent economic times?
@@MrDavidknigge Well said!
@@MrDavidknigge "Will possessing gold provide security in turbulent economic times?"
I would reverse that comment to, "Will not having gold or silver provide security in turbulent times." I know that life does not provide much in the way of
guarantees. We pretty much take it as it comes and roll with the punches. For me, though, I would rather have gold and silver in hand than not, especially
during hard / turbulent times.
I also see 3-5% PMs as a miniscule amount of one's wealth to store in a hard asset, unless one is very wealthy and that 3-5% amounts to a considerable sum.
Not that those who do don't also have other hard assets, such as real estate, a business, etc. In my own case, I don't have a lot of other hard assets, other than
our home and some personal property, such as cars and the usual "things" in life, so for me, a higher percentage in PMs is a perfectly rational decision. Currently,
this is about 20%. I can see raising this to 25% but not more than that. During a bond or currency crisis, PMs will gain in value. How much is anyone's guess, but
I am thinking that 4-5x would not be unrealistic, given that gold has risen in price from $250 an oz. to $2,000 an oz. or by a factor of 8x since year 2000. If so, then
20-25% in PMs will maintain my wealth without becoming obsessive about it. Also, I only put money into PMs that I am pretty sure I won't be needing for a while,
so it's not like the other aspects of life are being deprived.
@MrDavidknigge Here is something straight from the Bible. In the last days they will throw their money into the streets. I believe the Bible was talking about currency because God said their money. Robert Kyosaki always refers to silver and gold being God's money
"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."
-Norm Franz.
Norm Franz was my Pastor at one time. He preached holding gold/silver.
@@markgotschall2914 My silver collected when I was 7 is up from $1.29 to $22.96. Smart man.
And copper was the money of merchants 👍
I just know that I want MORE than what most people consider to be "normal". So if normal is 3-5%, then 10% (or even 15%) sounds right to me.
Im with this guy 🙌🏼
I’m new to gold and other investments but I’m 40% gold will get more into profitable investments but I just want more gold
I feel that you either see gold/silver as the antidote to all the poisonous economic tricks being played on us, or you don't. I'm putting way more than 10% into precious metals.
The owner of my company (my mentor) got me into gold/silver 5-6 years ago. He is very well off. Buying a new rolls this year, well off. He always told me, “spend what you won’t miss”.
Leverage the money that the feds know about to earn more. Buy gold with the money no one knows about
🤜🤛
My grandfather told my Dad that his gold was in a can of wheat. After he passed away, my Dad was taking a lot of his unwanted items to the dump. He described to me launching these containers of wheat and watching them just explode on impact. Then he saw something shiny cone flying out of one and he instantly remembered and started kicking himself.
NOOOOOOOOOO! 😄
😮😮😮😮
I know what you mean. My own great grandfather was a successful farmer and land speculator. He amassed a good sum of money and kept it all in US gold coins.
This was back in the early 20th century and up to about 1920 or so. Unfortunately for the family, he buried it somewhere and did not tell anyone where it was, even
his wife. I understand the value of keeping one's finances secret but one can go too far with it and this is just one example of that. 😕
that man has never run so fast in his life
@@edb3877
Metal detectors. Oftentimes used natural landmarks.
It makes sense for the ultra rich to not be heavily invested in gold, firstly because they have enough to spread out potential losses for better returns later, they own multi million dollar assets and have bank accounts around the world, again hedging their bets. The average investor should have a higher gold or silver allocation because it preserves their wealth when those high end options are not available.
🤜🤛
You give a good perspective on how wealth preserves itself. If we don't have the "connections" the wealthy have, then we need to establish a personal relationship with the King and Queen, of metals, that is. Thank You
Gold is money. everything else is credit.
Silver is definitely money
For myself, time is really BIG money, beyond anything one could touch or hold.
Women; Whiskey, Tobacco, and Firearms! 💥🇺🇲💥
@@linnspencer2210 Those "assets" are all on a man's road to ruin and destruction.
I believe in myself and what in need, gold is a man’s best friend, stack em & pack em, respect & love
🤜🤛
Hi, I have al little gold and a little bit of silver. My main invest is holidays and the memories they give me, time is precious spend it well my friends 😎👍🏻
Sunday I had a great time! Meal and movie with a friend. We purchased our MI tickets and went to the restaurant next door that turned out to be a winery. We each had a bowl of lobster bisque soup, a glass of Moscato and shared fries. Great food, great conversation and a great movie. My first theater movie since the pandemic. Of course, I had ordered my 1/10 oz of gold last week.
Keep stacking!!!😊
So true, you don't want time to pass you by.
That’s loser talk. Thats debt talk
I have 50% in precious metals. 50% In cash. And what I used to put in a 401K is now purchasing pms every week I get paid.
in all of human history the wealthy have not been wealthy because of the gold they own - it's down to the productive assets they own. Historically that's land - these days it's still land plus companies or shares in companies etc - it has to generate an income. Gold is a break glass diversifier that's it. Holding gold doesn't create more gold, nor does it compound - it just freezes in time your purchasing power for a portion of your wealth and this is part of risk mitigation
This is probably the most accurate and succinct way of putting it
Yeah, well put.
My asset allocation is:
44.3% direct private business investment
30% real estate
14.7% stocks
7.5% precious metals (50% silver, 47% gold, 3% platinum, will trade the silver up to 75% gold when the GSR lowers)
3.5% cash/money market funds
I've considered upping the precious metals percentage to 10%. I believe the only way out of the current US debt load is to inflate the dollar along the levels that were seen back in the late 70s and early 80s. Russia and China are already being set up to be the scapegoats for wanting to use their own currencies to trade in light of the US weaponizing SWIFT against Russia.
🤜🤛
Great video! Very interesting. I appreciate the work you put into the breakdown of asset classes. Gold can be an off the books sort of asset. If you have it, you normally don’t talk about it. Therefore, although most people don’t have it, I still believe there’s more people out there holding some than not.
Despite all the claims of silver to the moon, it’s interesting how none of the hwi advisors talked about silver. Gold is wealth.
Best wishes to all!
Cheers!
I think the 3% or 5% numbers for high wealth individuals is probably about right. I bet most of them did not get rich by stacking gold so therefore they don’t really see it as a necessary asset to have in bulk. Generally extremely wealthy people are about as financially educated as the rest of us, which is to say not very much. They are content with being rich and trusting a professional financial advisor to tell them what their money is doing, and if that advisor tells them 3% is enough gold, then that’s what they go with. understanding the value of holding physical metals has nothing to do with being wealthy, it has everything to do with educating yourself. Until the stock market and real estate markets take a serious tumble, they probably don’t have much reason to change that approach.
Well put. 🤜🤛
Great research, thanks for sharing. Ray Dalio recommends 7.5%. Harry Browne recommended 25%. Warren Buffet recommends 0%. The right amount is probably somewhere between those three numbers and varies by individual.
Agreed. Cheers!
Buffet is lying remember he owned tons of silver before government made him sell
The Golden Rule - He who has the gold makes the rules.
I have a lot more faith in the rule than I do in the full faith and credit of the US government.
I’m a real estate investor and I hold about 5% of my net worth in precious metals.
Good perspective. Cheers!
I bought a 73 Barracuda because I liked it. I thought, maybe it would increase in value with time, but never considered it officially in my savings. It's funny to see it on an investment list.
Cars are hot. They've overtaken Pokemon cards 😄
@@2is1gold I still have my Pokémon Cards. But they're going to the grave with me.
@kellyharbeson18 I'd sell the car for the right price. The Cards too.
Everything has a price.
@@2is1gold I recently say the muscle car of my dreams. It was not forsale but the owner allowed me to look it over, inside and out.
It was a deep green 1966 Pontiac GTO with the M21-4-spd. manual trans, 4:11 gears, black interior, and the 421 CID V8 engine. Man,
was that a gorgeous car! It looked as if it had just rolled off the assembly line. I was reaching for my checkbook when my wife put
her hand on my arm and said quietly, "Down, boy." lol But maybe that's for the best. Dreams are often best kept as dreams.
Agreed....Inherited a 58' Porsche Speedster years ago and just keeps going up and up.. Insured for 300k...Crazy it was 3k new
I have closer to 20% of my wealth in metals. Just a few years ago it was less than that then the price went up and here we are.
I know of at least one person who lived in a trailer and had a safe worth far more than his house. In it he had his gold and silver holdings. That was the most impressive amount of metal I have ever seen.
That's discipline.
@@2is1gold Hopefully so. It also could be a sign of obsessive / compulsive disorder. Not that most of us don't have at least a little of that in our lives. lol
Thats dragon like behavior
Are you talking about Smaug?
In not in those top categories mentioned but my Au holding is a 'high' percentage of my total net worth. I stopped buying above 2k/ buffalo but look forward to buying a few more in coming months
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Wealth advisors never suggest anything that they can’t get their commission on!
I've found that if you talk to one that isn't getting commission on their advice to begin with, they open up a big. 😄
Great video man keep up the great work I personally think and this is just my opinion that it’s higher than 3%. I think it’s more of a hush hush thing and most people want to keep it under raps.
Yeah, very possible. Cheers!
I prefer to think about the amount I'll need for 2 years if something happens to my other investments and pensions. Pricing that out at today's current FIAT exchange for gold, I would need 2-3 ounces per month to cover basic needs and typical bills. Multiply that by 2 years, .....and I still have a lot of work to do before I'm covered by my gold stash. I'll will get there some day.
I could make a guess but unfortunately not from personal experience.
Damn… what a great voice. You should be a broadcaster.
It would probably seem right to have Gold in that spot on the investment list, as you get more wealthy the higher amount of gold to back you up should be necessary. whether that is related to my situation might be another story. i just know that i like Gold. One of the goals right now is to simply prepare for what might come in the future
Agreed
If you tell people gold has been a display of wealth for thousands of years, you will have problems selling anything else on the stock market.
I always watch till the end.. As for the topic, I wonder why rich people buy stocks and bonds and other paper assetts if I had 30 million half would be in Land and the other half would be in gold.. I like "Tangible" assetts. I understand "Greed is Good" lol..but why risk it ...
The paper gains help with property taxes!
I have my uncle's Nova and a dog painting. I felt like you were talking directly to me:-)
Ha! Nailed it!
Great video brother thanks for the info have a great week 🥃🥃🥃
Thanks Nate. You too! 😄
I'm at about 8% going for ten. Then about a dozen or so coins of my favorite pre-33's.
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There is a certain kick and enjoyment of purchasing Gold Coins initially but it wains. Having 100 or 1000 oz of gold probably doesn't 'do it' anymore (except for possibly the Scooge McDuck types). I am getting my kicks at the moment buying 'Cheap' 1 oz Gold coins at around 3.15% above spot from an Online dealer in the UK and waiting to see what gold coin they send me. Today I opened up the coin packaging and got a 1993 Gold 1 oz Nail-tailed Wallaby Kangaroo Nugget $100 Perth Mint Bullion Coin.
It’s the gold guy, talking about gold again! Have a good day 2fer.
Ha! Have a good gold. I mean day!
I have 4 ounces, which is 28% of my wealth. It's high percentage but i'm not wealthy. I'm 31 years old. Actually it's not the percentage of my total wealth, rather it's the percentage compared to the cash that I have.
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So u have cash percentage more than gold percentage? U gotta start investing those cash asap.
@@daddylandlord5575 yeah 25k cash sitting in the bank, wouldn't know how to invest except buy more gold. Land or real estate is to expensive. I don't believe in stock or bonds.. Last year I bought a 15k machine for my business I have everything I need for the moment.
@@daddylandlord5575what do you invest the cash into?
I have a rich uncle? Where? That's the correct quote, right? It's not "Fortune favors the bold" - urban legend? Been mega busy with work, end of the fiscal year. "Spend it or loose it!" - I can't stand that, makes for waste. Anyway, catching up on videos good sir!
Good to see you 👋
Great video & analysis...I always wondered why you don't buy or collect gold Libertads. Much success !
They're never completely out of mind.
Nice you did hit a area that will be hard to know. The Richer the person the less they tend to show it unless they play sport's . Good Video have a great week & Thanks'
You too. Cheers!
I'm back and forth over the percentage of wealth in PMs - I'm somewhere between 5 and 10% - but that is because I've held for some time without adding any PM due to the high premiums - and my overall wealth as gone up so my percentage has gone down a bit...although there is other gold and silver I have around that isn't counted.
I’ve been a buyer for a while; and see a lot higher premium coins on the table. My approach is bullion (oz) not coins (gov mints) at the lowest premium available. I would really be interested to hear your thoughts or even have it covered in a video. My context and basis is....A kilo of silver or gold is a kilo. Why pay for the increased premium? I don’t have that answer. Thank you.
Coins are just easier to sell. I don't have any problems with bars, but private sales are harder. I also don't find a lot of cases where the buy to sell spread is better on bars. If I can buy a coin for 5% premium and sell (to the same shop) for 2% or buy a coin at 3% and sell at spot, that's a 3% spread. I can buy a bar for 2.5 or 3% but I can't sell it to any of my dealers for spot to get that same spread. Last thing is just a preference - having gold behind a plastic and cardboard assay isn't my first choice for storage or quick verification. That's my thinking on gold. With silver, I lean toward bars since they tend to be the clear winner on buy to sell spread. Cheers!
No limits to owning gold, especially if you have kids, I don't and will never. I had Dr cut my goods to be sure... I got Off track. I don't get hung up on %s or stopping at a certain number. I'm buying whenever I can. Short term goal is one 1oz coin and 1/4 ounce gold coin a month. Sometimes it's two 1 oz gold coins a month, if I work enough overtime. I have some gold coins from foreign government mints, but I won't own more the 25 oz of those coins to avoid taxes if I ever had to cash them all in at once. The sky is the limit. Buy as much as I can while still having that fake fiat on hand.
Im old and can remember 10 ounce bars of gold being really common just on the shelves of coin dealers back in the day.
I'm putting more and more of my money in gold & some silver because I trust the dollar (and all other fiat currencies) less and less. I can't understand why most people do not equate PMs with wealth. In 1964 three dimes would buy you a gallon of gas. The value of those same three dimes today will still buy you a gallon of gas. In 1933 an ounce of gold would buy a man a nice suit. It still will. Dollar wealth is fleeting. Gold wealth is forever.
I’d be interested to know if people at different tiers of wealth change their percentage with changing economic situation’s. It seems it’s becoming more and more widely known amongst the general public that we are going through a major economic shift, and despite the fact that we’re currently in party mode with equities, I wonder if it’s times like this where percentages might be increased among the smart money.
@@DrSchor
When fiat currencies lose all their value, we will see how much fiat-denominated investments are worth.
Thank you for the video.
Thanks for watching!
My Uncle Sam has gone a bit crazy in recent years, but rumor is he has bunkers in Kentucky, Colorado & New York with piles of Gold squirreled away. Might come in handy since he spends like a drunken sailer on top of his dementia. He seems to have lost his way, poor thing; well Bless his Heart. ❤
Good ole' Uncle Sam
I doubt that the amount of gold in our government's vaults are as much as they claim.
He's not spending his gold, he is spending your currency.
I have often commented on how well my gold stack has done. But thinking about it, most of the inflation adjusted gain has come from gold bought before 2008, 204%. My later purchases are in the black but not by a great amount, 18.45%. Both of these have costs converted to 2023 dollars. The raw profits are 452% and 30%, respectively. So I can see why some folks are not recommending gold as a good investment now. Many people think gold and silver are at bargain prices now. I'm not one of them.
That's great perspective. I'm not one who thinks we're looking at bargain prices - just looking at something that should float on a rising tide. Cheers!
In the 1980s I bought some gold, got a loan on it and bought more. That was a money making opportunity. Now I'm retired and my concern is preservation of purchasing power.
When I started driving about 1970, I used to get gas for just under 25¢ per gallon. Now it's almost $5 per gallon, but that same 25¢ piece (pre-1965 silver quarter) will still buy a gallon of gas. That is the reason to buy gold & silver.
I say 80% in gold and silver. Have a emergency fund and cash to pay bills.
check out both and compare.
@@kathyshellen I say buy both. I wouldn't put my cash in real estate because that's definitely going to crash. Americans own debt including those federal reserve notes. By you owning gold and silver you can buy whatever you want when things crash and burn.
As someone who worked with the UHNW, from personal experience it’s more like 25-30% physical allocation in Zurich vaults insured by Lloyds of London. Never trust clients or advisors to tell the truth.
Since most of us aren't in the 30 million bracket, gold=cash. I feel keeping 10% in cash/gold and treat it interchangeably is safe. If the average paycheck is $65k, 2 oz and 2.5k cash tucked away per year for 30+ years isn't too crazy.
The joke about ranchers and cows woke me up!
I’m picking up on “the account” vibes. I ❤ that movie.
I'd take the Airstream.
@@2is1gold yeah I’m in the market for one of those myself 😁
Buy! Buy! Buy!
I know this is a gold channel but im interested in your opinion on bitcoin. Digital gold
I buy what I can at a price that I feel is comfortable for me to buy at
@5:01 that is 22.6 lbs of Au. I can see where the ultra-wealthy have the same problem as poors with Ag.
Bars start to make sense for sure.
Just like pew pew food, NEVER ENOUGH...🤫🤣
I’m at about 3% myself at present, but have a tentative goal of about 10% of my current net worth by retirement. With any luck that amount will stay around 3%, assuming proportional increase across the board.
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I guess it depends on your station in life & worldview. I'm approaching 60 & I don't trust the government or the financial system so for me 3-5% in PM's ain't quite enough. Hard assets of land/real estate, PM's, & collectable firearms is where I'm at. 20-25% in PM's feels right for me & I don't see any downside with that or more.
We all have out own "normals!" I need to check in with Uncle Bob!
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Im young and dumb. Im 21 now so ive just started collecting gold but im not making alot so ive been spending 30-40% of my monthly wages towards gold if i see a decent enough dip that month. Managed to my most recent 1/4 oz britannia for £400 in the local. Should i keep buying 400 410 430 on websites for premium coins?
The Royal Mint's 1/4oz Tudor Beasts could be an interesting moove. Priced just above Brittanias, but the premiums could rise as the serie goes (just like what happened with the previous Queens Beasts series)
@florentcauquil2755 interesting thank you. I'll look into them. I love this guys channel but he can only want to talk about British enough since he mainly talks American and Canadian.
@florentcauquil2755 any knowledge of Scottish gold coins as im from Scotland it would be helpful. They just seem a little too high for the gold.
@@DwarfDt sorry i'm from France and don't know much about scottish coins 🤔
What’s the point of thinking of your gold as X % of your assets when the rest of your assets are in fiat? I think your way of thinking in terms of scenarios makes a lot more sense.
50% in gold,50% in property,just added 3 oz gold
In normal circumstances 3-5 percent is probably just fine. I however, think that we live in a time far from normal and are in jeopardy of the U. S. dollar collapsing at some point in time. Zero times a Trillion is still zero.
Those ten ounce gold coins go somewhere 😂
I want a Perth Mint jeweled koi fish. Just one is fine.
Is one ever really enough?
Gotta get some.
I asked an investment rep for wealthy investments, he said stay out of silver, as it just tracks inflation at 3% and where's the fun of that. Equities at 8% is where it's at.
He said normally he'd reccommend 2% in metals if you really want to, but also noted that a lot of wealthy clients 'have been buying more gold than normal' lately
A Scrooge Mcduck room would be a lot of fun! 😂
I am measuring my wealth in ounces not dollars these days.
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I don’t think they look at a %, it’s just a number they want to get to. Everyone will be different based on risk tolerances and vision
Example:
50k cash, 25k gold, 15k silver, 100k crypto, 500k growth stocks, 1m real estate..
Focus should be moving to assets that give residual income.
Have hedges and emergency funds in place.
Have a little fun with collectibles and enjoy life. The end isn’t near we have a ways to go!
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What kind of knife is that?
It’s a Rockstead Higo X IW. Cheers!
I'm only speaking for myself but I think anyone that pays attention to what's happening with paper assets should have no problem investing 10% of their wealth in physical metals. I'd say take it up to 20% if you really believe. After 20%, I think you're taking on more risk than potential reward. Stay diversified. Cash, stocks, no US Gov't bonds, cars, guns, bullets, food, booze, art, and precious metals. BTW, I know a lot of wealthy people and these people have become believers in precious metals in the last 4 years. They see the writing on the wall for the US Dollar. Cash is trash.
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Who knows how much they have. If they’re smart they won’t tell anyone and they have a whole lot.
I am working on finding a local physical trader(newbie). This might be an unanswerable question.
Which do you think will be a better choice, a large location or a small hole in the wall? I have both. Los Angeles has endless options.
Try both. always look for the deal. May save you some dough,
I didn't know Robert was my mom's brother. Interesting. 😁
John Wick kept his hidden under the basement floor.
Gollum says that report is a lie. His portfolio includes a rotting pair of shorts and the one ring. You may notice he also doesn't wear the ring on his finger (or sleeve, for that matter).
Cheers!
100% gold allocation.
Cheers
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How much gold and silver is off the books? That is greatest attribute of gold and silver, privacy. The gold they show is paper. Not all physical.
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That awesome vid,for me it's depend on our income n ages ,the higher the income the less the pencentage ,I make 20% from my portfolio 😁,thanks Brother for the great sharing info, 😁
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I would think 3-5% is low!
All my wealth is wrapped up in 4130 chromoly tubing to build bicycles.
Nice! Gravel bikes?
Wealthy and ultra wealthy should all be thinking the same way.
Once you have more than you need, and you have enough income generating (diversified) assets to make obscene or at least insane growth, the amount you take off the table just doesn't matter.
Off the table is the point. The 11/22m Estate Tax exemption begins to come into play. Keeping (hiding) personal assets in C corps, trusts, & foundations come in to play...
I don't want the uber rich to buy more than than 3% of their net income (or worth) in gold! That will leave enough for the rest of us...
Good points. 🤜🤛
I would like to be wealthy enough that I could have a Scrooge McDuck vault... LOL
So say we all!
I realize that isn't very realistic, unless I win a big lottery jackpot, but I can dream... I can also stack the amount I can when I can. Everyone had to start somewhere, right? Thanks again for another excellent video.
@@2is1gold are you on Patreon?
My bit of knowledge on the subject is people's quantity of gold is like asking a woman's body count you have to multiply. So if they say 3% it's more like 50%
@@DrSchor
Do you really want to know, or are you being ironic?
Gold? Never heard of it.
Same
Should be 5 1 oz of gold!
3 to 5 Percent? In my humble opinion way too low. If someone asked my opinion, I'd say between 25 and 35 for starters, or perhaps situation dependent as you mentioned. The more the better.😂
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I wish I had a Scrooge McDuck room…I guess I’ll bucket list it.
3% Gold (not including what I’m leaving my children) 10% cash “off shore”. 18% Real Estate 35% commodities 25% equities 9% art and antiquities. Equities I should reduce but I went Risk off late 2022.
Cheers🥃
I'm significantly underweight in my "art and antiquities" category. 😭
@@2is1gold no you’re not. 0.00% is preferable.
Ha! Happy wife, happy life. 🥃
You are wrong about uncle Rick's Chevelle. scoop that thing up!
True
I feel 3% would be the minimum. Would be interested in knowing if ultra-high net worth people prefer bars or coins due to size/portability. Unrelated but have asked younger people (40s and younger) and found most prefer bars. Most of their life coins/change was a nuisance. Makes me think if I wanted to hold gold for 20+ years it may actually be better to hold bars over coins. Any thoughts 2 is 1?
Coins are easier to sell in any market/metro that I spend time. I watch a bunch of different forums, and I'd say that's true at large too. Cheers!
I'm under 40 and i prefer coins over bars when stacking.
I don't have a story like that. My family had more of a military past. As do I...
See a dip today...I need to save some cash...so this month just a 1/2 Eagle for me.🤜💥🤛
Speaking of the dogs playing cards painting...Everyone had one hanging on the wall of our barracks.
I have dogs playing poker. I'm just waiting on it to appreciate! 😂
With all that is going on and I’m FAR from high net worth category in my late 60’s Jim at 10% gold and wishing it was more. I’m a firm believer that Gold and silver IS God’s money and He’s been damn good to and for me since I’ve given him control of my life 12 years ago. 🙏
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Why did you bring "god" into a conversation about money?
If I have to explain, then you probably wouldn’t understand. I hope you’re having a good day and God bless you. 🙂
@michaelrussell5736 A nothing reply. If you don't have an answer just say so. Didn't your "god" also say you can't worship "god" and mammon? Why oh why is it the most "religious" who never read their bibles? 🙂 (Actually, the answer is that if they did read their bibles, they wouldn't be christians for very long 😆)
Thank you for proving my point in my pervious reply. Let’s just agree to disagree. There is certainly enough room in this community for all opinions and thoughts. You have yours and I have mine. It’s all good. God bless.
Are most of their "gold" in ETF's??...🤔
Couple of Van Goughs, a few Picassos. 😂❤🐥
Need something to hang in the bathrooms! 😄
Well investing into the Commercial Real Estate Market might be a risky at the moment. I will stick with my Gold, Silver and Crypto and my Fine Art collection of Dogs playing Pool and Cats wearing Military Outfits from the 18th and 19th Century....always a great investment! 😁
I see gold ⭐👍
35% in commercial real estate?
Same amount as 2 is 1 😅
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I have 10% of my wealth in copper and lead.
Don't forget the sulfur, salt peter, and charcoal...
I think % would reduce as net worth increases.
Someone worth $1mil might realistically own more than $30k in gold. Let's say a tube of eagles.
But Warren Buffet? If he were to follow 3%, he'd have over 50 tonnes. There comes a point where they own 'enough' (for what exactly) but will continue to invest in other assets
Agreed 🤜🤛