When to Buy Gold and Silver

I have been following precious metals expert, Mike Maloney, for a while now and want to share this video he created on how precious metals, real estate and the stock market have related to each other historically. If you have been wanting to learn more about how to value gold vs. other investments, this is a pretty educational video. His charts are pretty easy to understand, so I thought I would share this video with you.

I purchased my first gold and silver 15 years ago when gold was about $400/oz. It then went down to about $225/oz. and is currently over $1400/oz. You might think that it is over valued at this price and it could be. I believe though, based on the state of the economy, the way the Federal Reserve is printing money, our current national debt and global instability it makes sense to have some precious metals and commodities in my portfolio.

Although I am still a Certified Financial Planner practitioner, I no longer sell or manage investments for clients, so be sure to check with your financial professional for advise. You will want to discuss your individual needs, goals, and risk tolerances with your advisor, so this may be a good time to schedule that meeting to review your goals and your asset allocation.

Popular options for purchasing precious metals:

  • Purchase the actual metals in coins or bars (can actually be done through the internet and delivered to your home).
  • Purchase mutual funds or exchange traded funds (ETF) so you may be able to do this right inside your brokerage account or IRA.

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Do you have questions about how to retire to something rather than from something? Feel free to contact me at katana@katanaabbott.com or schedule a complementary strategy session with me at www.talkwithkatana.com

Katana Abbott, CFP, CSA
Midlife Millionaire Coach

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