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

[BigLandbaron]

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

Yes, but the wealth disparity in America is much more severe. I would estimate that the median iTuliper is in about the 85th percentile among the general populous. This chart might more closely represent the wealth distribution among the top 20-30% of Americans.

Jimmy

I'm 30% phys when compared to my liquid assets (gold, cash, MMKT), but 30% becomes 5% if compared to my real net worth.

What we are observing here is simply how much gold (one of of many possible assets) we each hold. What do we really want to measure, average iTuliper gold hoards ... or iTuliper metals sentiment as a % of all owned assets? :confused:

We now have an idea where we stand in the iTulip gold hoard pecking order, FWIW.

Measuring the sentiment of someone who is 5% gold with a huge net worth vs one who is 95% committed to gold with a much smaller net worth is very interesting data in my mind. A gold or metals sentiment indicator of sorts.

"What % of your true net worth is currently invested in gold or PMs" instead of "how much gold do you have".

[ocelotl]

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

I'm not including silver, combined would multiply my choice by five.

[Chomsky]

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

Yes, but the wealth disparity in America is much more severe. I would estimate that the median iTuliper is in about the 85th percentile among the general populous. This chart might more closely represent the wealth distribution among the top 20-30% of Americans.

Jimmy

It's like a fractal set, with eerie self-similarity as you dig down and get more granular.

[jimmygu3]

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

Sounds a lot like the wealth distribution in America, no?

Yes, but the wealth disparity in America is much more severe. I would estimate that the median iTuliper is in about the 85th percentile among the general populous. This chart might more closely represent the wealth distribution among the top 20-30% of Americans.

Jimmy

[jpatter666]

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

I'd be interested in a similar chart, but including electronic but audited (i.e. GTU/CEF -- maybe some of the audited pure-play silver).

I'm only willing to hold so much physical. I can't afford a private security force....

[Chomsky]

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

Here's a chart of the data. Rather than using the mean for all the results from each bracket, I distributed the results evenly throughout the ranges with linear interpolation. For brackets with only one response I used the mean. For the one ">1000" result I arbitrarily chose 1125.


The 58 iTulipers who have responded as of today own a total of 7528 oz. ($8.8M) of gold. The mean is 130 oz. and the median is 57 oz. The one person holding over 1000 oz. owns more gold than the bottom 65% of iTulipers combined. The top 10% own about half of the gold.

All this gold combined would form a 9-inch cube.

Jimmy

Sounds a lot like the wealth distribution in America, no?

[jimmygu3]

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

The results pareto should resemble a normal distribution.

I think we need some more data.

Here's a chart of the data. Rather than using the mean for all the results from each bracket, I distributed the results evenly throughout the ranges with linear interpolation. For brackets with only one response I used the mean. For the one ">1000" result I arbitrarily chose 1125.


The 58 iTulipers who have responded as of today own a total of 7528 oz. ($8.8M) of gold. The mean is 130 oz. and the median is 57 oz. The one person holding over 1000 oz. owns more gold than the bottom 65% of iTulipers combined. The top 10% own about half of the gold.

All this gold combined would form a 9-inch cube.

Jimmy

[Raz]

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

My current position is 31.0 % of my liquid net worth, almost evenly divided between bullion coin and GTU.

It would be significantly higher but for the large position I hold in oil & gas equities - currently about 26%, down from 32% of my LNW.
I also own positions in several other common stocks but I've been selling them since we met Grantham's target at SPX 1100.

[*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.

[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".

[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

[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

[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 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

[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.