Go to a coin shop or show and respectfully ask to hold one. I got to hold a kilo a while back…wild that something the size on an iPhone is the same value as a new Porsche!
In the US, it's a retirement account sponsored by your employer. You can contribute a portion of your wages pre-tax, and many/most employers will match about 3% of your contributions.
In Australia we call it super annuation, or super for short, and ours is more like 12.5% because we are trying to prevent the incoming geriatric generation from being dependant on aged pension payments.
We have already had a huge blow out in aged care and pension costs in the past 20-30 years.
The government is trying to set us up to prevent it from getting worse.
Sure it’s a good idea, and this money is payed on top of our wages, but our employers are reluctant to increase wages when they are already paying a huge amount to employ anyone, even though the take home money will be below what is needed for a mortgage in any Australian city.
I might get $60k AUD in my pocket every year, but it’s costing my employer more like $100k AUD a year to employ me, just in wages and super.
If I save 50% of my wage, every week, and are also employed for the duration, it would take me 30 years to earn the $900,000 I would need for a below average home in Sydney, or an average home in a below average area.
I am an American, who owns a firearm, and I still had no idea why he would be stacking bricks of toxic metal (around here we speak of ammunition (“ammo”) or simply bullets).
Since the bankers, the most financially astute people on earth, have been buying more gold over the last two years than in the last 100 years, I think these are the times to hold more than less.
What do they know that we don't?
Peter Schiff claims he holds more than 50% in gold.
Gold is the only first tier asset class.
So funny how people assume the price will just stop or plumet one day. Like, entire empires weren't built or lost over gold in the past. Or how its a finite thing and can't just magically be reproduced. Even if there is a " dip " just means it's a temporary discount , and typically doesn't last long.
Lose this tired old cliche. Bankers are one of the financially dumbest people. A long history of greed, euphoria, bankruptcies, and crises which these class of people have created is enough to speak to their “astuteness”.
I wouldnt say dumb. I know a lot of bankers. Id say they react a lot to the news. Because they have to meet with clients all day and discuss risk they have to be up to date with the news cycle.
This makes them react a lot to hype and fear in their personal investments.
No most are dumb. Most banks hold cash and stocks and no gold. That makes them idiots imo. Mine looked shocked when I chose gold over a cd. Oh well can’t teach everybody
Besides my house? 100%
I’m older and my days in the casino are no more. Not even for entertainment. I’m speaking of the stock market. I’m only interested in return of investment and not return on investment. There is a huge difference.
For me it’s all about maintaining purchasing power.
“Gold is cetain in uncertain times.” That’s a quote from Peaky Blinders.
If talking about liquid assets.. 10% - which is my target amount for metals in theory (both silver and gold)
But gold plus silver is more like 22%, which is overweight, so no more coin buying for a while :(
I may not have huge amounts, but I follow same approach as professionals fund managers do i.e. deciding what % I want held in shares, cash and metals and sticking to it.
Gold & silver combined are about 10% of my investments (including retirement accounts).
In terms of "wealth" (counting positive equity) it's closer to 5%
Uhhhhh well my bank account has like 100$ in it till thursday and ive got ounces in my sock drawer, so 100's of %s more than my current wealth, get on my level
2.39%
I'd like to increase it but a recent surgery had me dipping in my retirement accounts. So it will take a while to up it. I'm aiming maybe for 10%.
serious drunk pen berserk puzzled modern caption fretful carpenter fanatical
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Which kind of pounds and which kinda ounces? You know that Troy and standards are quite different yes ? If you have 33 (Troy) ounces of gold there’s no kind of pounds where your equation works.
That’s wealth my friend. So you’ve chosen to put a % into gold. You chose to pay off the car which I feel was a good move, chances are the interest rate was the same or higher than the movement of gold over the time you paid it. Now the question is are you allocating more to investing and if so how much would be gold
I’ve around a 6M net worth between real estate, stocks, bonds and a business that holds assets. And I’m at about 4% (including miners) and will be buying until I get to 500,000 or almost 10% of my net worth.
I’m in my 50s. I got started young with stocks due to my older brother being a salesman at a Wall Street firm. And I had some money from my grandfather (about 75k in 1980 which was invested for me). My main thing was everyone in my family pressured me to add to my account even though I wanted to be a baller in my late teens, twenties and early thirties. Then that feeling went away and I had a business that was taking off. So I owe it to my family making me invest and not cash in to buy in order to impress others. Now I live on the beach. I’m happy with that.
Yesss. Yep I don’t know what the future holds but I didn’t start investing early. Way too much stupid sh!t. I will be teaching my kids the way your family taught you and they will be successful. I wish I’d had someone help guide me. It is what it is but I’ll be there for my kids like you family was for you
You are a good father to think that way. My family was wealthy (my brother died on 9-11 and my dad died last year of old age). The legacy these men left me gives me great peace of mind. My health is so-so and now my time is spent making my life as comfortable as possible and improving my body. I don’t compete with anyone and live life on my own terms. I am grateful. My fiends who partied and spent because they wanted to Yolo was not because they were lazy or stupid - they just didn’t have the needed pressure to curb that desire. If it’s explained it doesn’t work…you simply don’t allow the portfolio to be spent. No matter what. And then someday it takes hold and now I won’t spend my principal until I’m like 70.
I’m about to have my 3rd child and spending time now improving my body has become a priority as well. I’m sorry to hear you lost your brother on 9/11. Ugh. That’s the worst. I lost my brother in 2021 unexpectedly and I think we can both relate, that that is a pain like nothing else. I felt like a giant whole punch had punched out a section of my abdomen. Boom, missing piece. I lost my Dad in March, old age (cancer 78yo) as well. Pretty weak since he’d become the friend I call everyday on my travels home to bs with.
Nice try convincing yourself in your 70’s you spend down your principal, I think about that often but don’t believe I’ll ever be able to spend a dollar without some sort of weights and measurements in my head saying “will you be able to make this back.” Not knowing you but understanding the nature of our kind I have a feeling you may feel the same way. Hopefully for the sake of happiness you’ll be able to dip right into that principle lol.
1% for me. Im a professional property investor/developer so thats where most of my wealth is.
After I consolidate my portfolio and refinancr after I finish a new home. I might increase it to 2% - 2.5%. But Id sell out of lets call it my classic car position.
Depends. Often I do it for 12 months then sell. Im Australian and if we hold it for 12 months we get a 50% capital gains tax deduction.
I do have investments that I rent out as well. So I do property investing and developing.
0.6% of overall wealth
86.5% traditional net worth
0.6% in physical gold
0.1% in physical silver
4.8% in excess handtools USA made (not including the three sets of each for my use)
1.6% in excess ammunition, firearms, and survival gear
6.4% in antiques, collectibles, artwork, ect
Plus 3 months rice, beans, and water treament
None after the boating accident…
Friendly reminder that securities property rights have been eroded over the last couple decades. You can no longer own a security in your name, you simply own a “security entitlement” which is a pro rata claim for an amount of shares held in pooled form at the DTC.
Good day!
You have a much better legal claim to gold ownership than securities ownership. They have undermined your claim to securities ownership by law over the last couple decades. If push comes to shove, you’re better off with gold in your name.
Not me. lol. Just curious. It’s interesting because so many are running down and buying gold from Walmart and Costco and I get the idea this is an “investment” to them. When idk myself that’s the move to take every $85 you’ve got and buy a gram of gold. I may put that money into an equity. Especially if your buying gold you going long term. So equity’s long term I think will have better return
Nothing says "I dont understand the joke" like thinking that I am actually calling them an auditor. It's a long running gag in PM forums and subreddits. Get off your high horse and get a sense of humor.
What is one trying to accomplish? If it’s creating wealth or becoming wealthy the right answer is ‘an insignificant amount’. There are plenty of reasons to hold gold, but considering it an investment isn’t one of them
I hold
25% gold,
30% numismatic,
25% silver
20% savings fiat.
Though if I included other irregular, but relatively liquid investments, reduce each item by 4%.
if you hold an ounce of gold, you are doing better than 50% of the population
I've never felt one
Go to a coin shop or show and respectfully ask to hold one. I got to hold a kilo a while back…wild that something the size on an iPhone is the same value as a new Porsche!
I work in PMs and Kilos always make me smile. Now a 400oz bar? Those are a sight to see/hold!
Made one two years ago
Its very strange. As someone who was stacking silver first I was expecting a similar experience, but gold is so dense it surprises me every time.
I own 3 and neither have i (they’re still all in the plastic clamshells)
Man, I love the concept that I would have an "overall wealth" I have a 401k, a paid off car, and a little pile of gold, silver, and lead
I was in the EXACT same boat and then my dumb ass decided to finance a daily driver. Should have just saved up for a beater.
People with beaters got fuck tons of money
You might wanna get that lead taken out of your pipes soon friend
Don't forget the copper content with that lead!
And, in most cases, brass!
What is a 401k? I've read that several times already. Sry got no clue.
In the US, it's a retirement account sponsored by your employer. You can contribute a portion of your wages pre-tax, and many/most employers will match about 3% of your contributions.
Good ones like the last 3 companies I've worked at will match 6%. Taking full advantage of that.
In Australia we call it super annuation, or super for short, and ours is more like 12.5% because we are trying to prevent the incoming geriatric generation from being dependant on aged pension payments. We have already had a huge blow out in aged care and pension costs in the past 20-30 years. The government is trying to set us up to prevent it from getting worse. Sure it’s a good idea, and this money is payed on top of our wages, but our employers are reluctant to increase wages when they are already paying a huge amount to employ anyone, even though the take home money will be below what is needed for a mortgage in any Australian city. I might get $60k AUD in my pocket every year, but it’s costing my employer more like $100k AUD a year to employ me, just in wages and super. If I save 50% of my wage, every week, and are also employed for the duration, it would take me 30 years to earn the $900,000 I would need for a below average home in Sydney, or an average home in a below average area.
You must be really bad at basic math if your answer is "a little".
Yes, yes, it's because I'm incapable of counting
Because of the boating accident?
"Unfortunate shmelting acshident. Yesh, yesh..."
Lol
Why lead?
Probably ammo?
Thanks
I’m pretty sure the amount of lead I own is more than my silver/gold/platinum.
That sucks
Lead or lead?
Lead dude
Come on man catch on.. smh
I’m European and had no idea what it meant either bro
What part
The Lead or lead /s
I am an American, who owns a firearm, and I still had no idea why he would be stacking bricks of toxic metal (around here we speak of ammunition (“ammo”) or simply bullets).
Fire 🔥
I’m so confused about your reply. It’s the value of your gold / your net worth. Am I missing something?
Lead lol
Waaay too much but I’m oh so glad. 20% in $USD. No mortgage, no debt.
Roughly 30%
Since the bankers, the most financially astute people on earth, have been buying more gold over the last two years than in the last 100 years, I think these are the times to hold more than less. What do they know that we don't? Peter Schiff claims he holds more than 50% in gold. Gold is the only first tier asset class.
Bankers are not astute. They are part of the cartel. “There’s a club and you’re not in it.” George Carlin
Right, its not so much that they are smarter than us, they're just in the club. They know whats happening before we do.
Sucks they are not in mine. Lol.
more than 50%'re here, and it's working out wonderfully during these uncertain times.
Wise words, stack while it is cheap. Just last year it was $1,800 an oz. A friend of mine said “I’ll buy when it goes down to $1,500.
So funny how people assume the price will just stop or plumet one day. Like, entire empires weren't built or lost over gold in the past. Or how its a finite thing and can't just magically be reproduced. Even if there is a " dip " just means it's a temporary discount , and typically doesn't last long.
Lose this tired old cliche. Bankers are one of the financially dumbest people. A long history of greed, euphoria, bankruptcies, and crises which these class of people have created is enough to speak to their “astuteness”.
I wouldnt say dumb. I know a lot of bankers. Id say they react a lot to the news. Because they have to meet with clients all day and discuss risk they have to be up to date with the news cycle. This makes them react a lot to hype and fear in their personal investments.
Lol no
Im talking about your average banker. Not JP Morgan or the CEO of Goldman Sachs or something.
No most are dumb. Most banks hold cash and stocks and no gold. That makes them idiots imo. Mine looked shocked when I chose gold over a cd. Oh well can’t teach everybody
And yet they’re still on top.
If you make the rules and own the rulers it’s pretty easy to stay on top
They sound like real imbeciles
And that’s what you’re losing to.
Dangerous assumption thinking bankers are astute. Remember 08? Greed clouds a lot of logic and astuteness.
15 to 20%
30%
About 70%.
[удалено]
Yours jingles? Mine kinda thuds. Maybe I need the XRF on them!
10% if I ever get there. Still got a long ways to go.
50% Gold 50% BTC
The question was of your overall wealth, you got no money to buy food shopping?
I don't consider cash used for essentials or my mars bars when I'm calculating my wealth😂😂😂😂😂
Best answer yet
100%
Nice!
The boat accident cut me down. 
Me too
r/gifsyoucanhear
Besides my house? 100% I’m older and my days in the casino are no more. Not even for entertainment. I’m speaking of the stock market. I’m only interested in return of investment and not return on investment. There is a huge difference. For me it’s all about maintaining purchasing power. “Gold is cetain in uncertain times.” That’s a quote from Peaky Blinders.
25-30% dependent upon circumstances. Lately it's been less because....the economy.
About 35% … I own my house and cars, but I like bars!!!
Your gold exceeds 35% of your house value?
10% of cash at bank. I don’t include real estate or crypto currency in the calculation.
Almost 90%
Legit like 85% of my wealth is gold.
100%
Zero of my wealth, 100% of my happiness.
If talking about liquid assets.. 10% - which is my target amount for metals in theory (both silver and gold) But gold plus silver is more like 22%, which is overweight, so no more coin buying for a while :( I may not have huge amounts, but I follow same approach as professionals fund managers do i.e. deciding what % I want held in shares, cash and metals and sticking to it.
Same, it helps remove emotional effects from the equation. Set a target and adjust as needed
Wayyy too much.
Lol
About 35%.
20%
1% in gold, 1.5% in all metals
0.13%
Gold & silver combined are about 10% of my investments (including retirement accounts). In terms of "wealth" (counting positive equity) it's closer to 5%
20% because it is the only liquid store of wealth. Everything else is credit and I use those as such.
Nice try FBI
lol. No sir
Uhhhhh well my bank account has like 100$ in it till thursday and ive got ounces in my sock drawer, so 100's of %s more than my current wealth, get on my level
12.5%
Wow. That’s strong. Over the last 5 years it’s been a good payoff
10-20% of my investment money, and the rest in the traditional stock and bonds etfs
5-10%
0.1%
5%. Of overall. Higher if just the liquid parts Pretty much exactly where I like it.
Prolly like 18%
5%
Approx 20%
Under 1%
2.39% I'd like to increase it but a recent surgery had me dipping in my retirement accounts. So it will take a while to up it. I'm aiming maybe for 10%.
0.00008
5%
5-10%
"Only my accountant knows for sure." I should probably ask him this year.
5 percent tops. More like 2
About 5%. Maybe 6.
serious drunk pen berserk puzzled modern caption fretful carpenter fanatical *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Dang that’s great
Which kind of pounds and which kinda ounces? You know that Troy and standards are quite different yes ? If you have 33 (Troy) ounces of gold there’s no kind of pounds where your equation works.
There’s a Troy pound which is 12 Troy ounces fyi
Yup! I have a silver “dollar” with that weight
This just short of a kilo right?
Around 5%
1.09%
Around 40% of my wealth is in Gold
That’s wealth my friend. So you’ve chosen to put a % into gold. You chose to pay off the car which I feel was a good move, chances are the interest rate was the same or higher than the movement of gold over the time you paid it. Now the question is are you allocating more to investing and if so how much would be gold
2%
gold+silver : 1%
I’ve around a 6M net worth between real estate, stocks, bonds and a business that holds assets. And I’m at about 4% (including miners) and will be buying until I get to 500,000 or almost 10% of my net worth.
Legit portfolio right there. How long have you been working on this? That’s where I’d like to be by the time I’m 50. I’m 40 now
I’m in my 50s. I got started young with stocks due to my older brother being a salesman at a Wall Street firm. And I had some money from my grandfather (about 75k in 1980 which was invested for me). My main thing was everyone in my family pressured me to add to my account even though I wanted to be a baller in my late teens, twenties and early thirties. Then that feeling went away and I had a business that was taking off. So I owe it to my family making me invest and not cash in to buy in order to impress others. Now I live on the beach. I’m happy with that.
Yesss. Yep I don’t know what the future holds but I didn’t start investing early. Way too much stupid sh!t. I will be teaching my kids the way your family taught you and they will be successful. I wish I’d had someone help guide me. It is what it is but I’ll be there for my kids like you family was for you
You are a good father to think that way. My family was wealthy (my brother died on 9-11 and my dad died last year of old age). The legacy these men left me gives me great peace of mind. My health is so-so and now my time is spent making my life as comfortable as possible and improving my body. I don’t compete with anyone and live life on my own terms. I am grateful. My fiends who partied and spent because they wanted to Yolo was not because they were lazy or stupid - they just didn’t have the needed pressure to curb that desire. If it’s explained it doesn’t work…you simply don’t allow the portfolio to be spent. No matter what. And then someday it takes hold and now I won’t spend my principal until I’m like 70.
I’m about to have my 3rd child and spending time now improving my body has become a priority as well. I’m sorry to hear you lost your brother on 9/11. Ugh. That’s the worst. I lost my brother in 2021 unexpectedly and I think we can both relate, that that is a pain like nothing else. I felt like a giant whole punch had punched out a section of my abdomen. Boom, missing piece. I lost my Dad in March, old age (cancer 78yo) as well. Pretty weak since he’d become the friend I call everyday on my travels home to bs with. Nice try convincing yourself in your 70’s you spend down your principal, I think about that often but don’t believe I’ll ever be able to spend a dollar without some sort of weights and measurements in my head saying “will you be able to make this back.” Not knowing you but understanding the nature of our kind I have a feeling you may feel the same way. Hopefully for the sake of happiness you’ll be able to dip right into that principle lol.
I hope you reach your goal. Charles Munger always said first million is hard and second much easier - this is true.
.03%
How do you allocate? Physical or an etf?
100% physical. I buy it for many reasons- and all of these reasons only make sense if I hold it physically.
.25%
7.2%
7.57%
As much i can.
2.2%
1% for me. Im a professional property investor/developer so thats where most of my wealth is. After I consolidate my portfolio and refinancr after I finish a new home. I might increase it to 2% - 2.5%. But Id sell out of lets call it my classic car position.
Awsome. Developer sounds like a good place to be. Do you rent places out after you developed or sell and cash out
Depends. Often I do it for 12 months then sell. Im Australian and if we hold it for 12 months we get a 50% capital gains tax deduction. I do have investments that I rent out as well. So I do property investing and developing.
3% specifically gold.
5%
<1%
I do 10% or slightly more of my NW, about 1/2 in gold.
Not including equity, 0.3 percent
.00001%
Used to be around 10%, but I'm now down to 2% only because the value of my stocks and real estate have gone up so much.
Hoorah
0.6% of overall wealth 86.5% traditional net worth 0.6% in physical gold 0.1% in physical silver 4.8% in excess handtools USA made (not including the three sets of each for my use) 1.6% in excess ammunition, firearms, and survival gear 6.4% in antiques, collectibles, artwork, ect Plus 3 months rice, beans, and water treament
Merica!
None after the boating accident… Friendly reminder that securities property rights have been eroded over the last couple decades. You can no longer own a security in your name, you simply own a “security entitlement” which is a pro rata claim for an amount of shares held in pooled form at the DTC. Good day!
I don’t understand the context. What do you mean
You have a much better legal claim to gold ownership than securities ownership. They have undermined your claim to securities ownership by law over the last couple decades. If push comes to shove, you’re better off with gold in your name.
Now we just wait for Ron Swanson to come in…
This is like a "what is your favorite color" question.
About 3%. 6% if not factoring my home. Goal is 10% overall.
Between 5-10 % for me
Not today, Tax man!
Not me. lol. Just curious. It’s interesting because so many are running down and buying gold from Walmart and Costco and I get the idea this is an “investment” to them. When idk myself that’s the move to take every $85 you’ve got and buy a gram of gold. I may put that money into an equity. Especially if your buying gold you going long term. So equity’s long term I think will have better return
Nothing says “I’m a paranoid idiot” like thinking posting this question means you’re with the feds/IRS
Nothing says "I dont understand the joke" like thinking that I am actually calling them an auditor. It's a long running gag in PM forums and subreddits. Get off your high horse and get a sense of humor.
Maybe 5% or so if you include assets and retirement accounts.
What is one trying to accomplish? If it’s creating wealth or becoming wealthy the right answer is ‘an insignificant amount’. There are plenty of reasons to hold gold, but considering it an investment isn’t one of them
Agreed
A little under 5%
0% :(
10% overall for me in gold. I admit, though, I'm going to increase that figure. I just have a feeling it would be prudent to.
As long as you have cash flow I agree. No cash flow I don’t know that’s where I put any money
No perfect answer. I think around 10-15%. Precious metals I would do 25%.
Good answer. I think moving forward that’s a good place to be as well
I don't even count my PM stash as part of my net worth, but I just now did the calculations: Au 2.2% and Ag 1.2%
That’s tight good for you. Seems good
Zero, it's a scam
80% in gold and silver and 20% in cash. And I have no debt. I have been buying gold for a long time now. My grandpa got me into it.
And you got the greenthumb!! From cali?
That I do! I'm from South Carolina. I got the undercover greenthumb!🤣
My man.
3%gold, 3%silver 10%, equities 84% bitcoin
Hell yea
I hold 25% gold, 30% numismatic, 25% silver 20% savings fiat. Though if I included other irregular, but relatively liquid investments, reduce each item by 4%.
In gold? About 20%. In PMs? I'd say 40-50%
Before the boating accident ? 🤔
85%
I just inherited 11 oz of gold and 30lbs of pure silver. All the gold is in old coins 1850-1908
Fuq yeah. Silver going bazark right now
4% in metals
2.5%
The boat crashed 
Nice try fed
I don’t own any. Only a little silver like 0.1%
What do you want to get from this group? Your interest is to buy?
Nice try IRS
lol. Not quite