Image by Steve Bidmead from Pixabay
This is the follow up on my last post on Sustainable portfolio even the market is up or down
Precious Metals
The 4 core metals to focus on for the time being should be Platinum, Palladium, Gold, Silver (as we explore space this will change).
Dividing holdings between as many of these 4 that you have researched and like the most, (remember everything in your portfolio should have a purpose) and then remember to layer again and keep some close to you and some held by a trusted custodian in the country that you feel is best fit.
Avoid ETFs and other paper Gold/Silver, get the actual commodity.
Don't just hold one metal and don't hold it all in your house, because bank will seize it if it kept in deposit box, so keep some with trustworthy custodian.
When the economic crisis hit, for example in 1933 during the Great Depression, President Franklin Delano Roosevelt nationalized the gold holdings of U.S. citizens in 1933. He did not however “confiscate” gold. Instead, citizens were compensated for what they voluntarily turned over to the government. In a true confiscation, your assets are seized with no compensation. However,should a severe national crisis arise, it’s certainly possible the government wouldn’t be able to afford to pay investors the full value of their bullion. More about this you can find here
In the next post, I will share about Stocks,Treasury/Bond, FIAT and Real Estate as an asset class in your portfolio.
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