Okay Goldbugs, fess up -- how much you got?!

[doom&gloom]

How many ounces do you own?

[Jay]

Re: Okay Goldbugs, fess up -- how much you got?!

I assume we are talking physical right? No equivalents. Or is GTU or bullionvault allowed?

[*T*]

Re: Okay Goldbugs, fess up -- how much you got?!

I assume we are talking physical right? No equivalents. Or is GTU or bullionvault allowed?

bullionvault is physical in my book.

[strittmatter]

Re: Okay Goldbugs, fess up -- how much you got?!

That's classified.

#1 raw scrap copper however - (remember that worlds largest ball of yarn in the movie "michael" with john travolta?), please send me a bulk buyer when the sell trigger goes off. thanks.

[Chris]

Re: Okay Goldbugs, fess up -- how much you got?!

65% of my net worth.

[jiimbergin]

Re: Okay Goldbugs, fess up -- how much you got?!

Do you mean physical or are you also including GTU and CEF etc.? Total is 40% of my net worth (excluding real estate).

[ricket]

Re: Okay Goldbugs, fess up -- how much you got?!

Nice try IRS ;)

[doom&gloom]

Re: Okay Goldbugs, fess up -- how much you got?!

Nice try IRS ;)

ROFLMAO! Sorry, I am NOT the IRS. And I want to become the
best friend of the guy withthe 500-750 range. Can I get in your will?

[BigLandbaron]

Re: Okay Goldbugs, fess up -- how much you got?!

The results pareto should resemble a normal distribution.

I think we need some more data.

[Alvaro Spain]

Re: Okay Goldbugs, fess up -- how much you got?!

I have, as for today, 30% of my cash invested in gold, bought at an average price of 1.160 US$.

I would like to ask a question here. EJ recommends having 30% of our assets in gold, but I don't know if the optimun percentage would depend on the available cash that you have. That is, if you had 50,000US$, 500,000US$ or 5,000,000US$ cash available for investing, would 30% be the correct amount in each of the three cases? Or would it be problably higher or lower in some of those scenarios? Perhaps someone with good common sense can give me an answer?

Alvaro

[FRED]

Re: Okay Goldbugs, fess up -- how much you got?!

I have, as for today, 30% of my cash invested in gold, bought at an average price of 1.160 US$.

I would like to ask a question here. EJ recommends having 30% of our assets in gold, but I don't know if the optimun percentage would depend on the available cash that you have. That is, if you had 50,000US$, 500,000US$ or 5,000,000US$ cash available for investing, would 30% be the correct amount in each of the three cases? Or would it be problably higher or lower in some of those scenarios? Perhaps someone with good common sense can give me an answer?

Alvaro

As a reminder, iTulip does not dispense investment advice. We explain what we are doing and why we are doing it. Some of our readers may choose to follow our lead. Others combine our views with the views of other analysts.

[Alvaro Spain]

Re: Okay Goldbugs, fess up -- how much you got?!

I am aware that EJ is not giving investment advice. My question had a different intention, because I really don't know much about finance/economy, and I dont trust my bankers, so I am by myself in this world of investing. The question was earnestly asked but, in any case, if it could cause someone trouble of any kind, I prefer not to have any answer.

Alvaro

[jiimbergin]

Re: Okay Goldbugs, fess up -- how much you got?!

How many ounces do you own?

You really have not answered the question about physical verus CEF and GTU. I have not voted since I am still waiting for an answer

[doom&gloom]

Re: Okay Goldbugs, fess up -- how much you got?!

You really have not answered the question about physical verus CEF and GTU. I have not voted since I am still waiting for an answer

well, when I put it up I looked at it as a "physical thing" to get an idea of
how committed people are to owning physical. the ability to buy CEF & GTU
is a daily trade you can exit anytime. I see physical as more of a "committment".

[*T*]

Re: Okay Goldbugs, fess up -- how much you got?!

I have, as for today, 30% of my cash invested in gold, bought at an average price of 1.160 US$.

I would like to ask a question here. EJ recommends having 30% of our assets in gold, but I don't know if the optimun percentage would depend on the available cash that you have. That is, if you had 50,000US$, 500,000US$ or 5,000,000US$ cash available for investing, would 30% be the correct amount in each of the three cases? Or would it be problably higher or lower in some of those scenarios? Perhaps someone with good common sense can give me an answer?

Alvaro

You need enough cash around to meet short term liquidity needs without having to sell anything.

For the record, I am about 95% in.