Tuesday, Apr 03, 2007
Where is this year's ISA going?
Market watch: Seven reasons why gold should surge
Make sure you have 5-10% of your wealth in gold/silver related assets
Posted by sold 2 rent 1 @ 05:50 PM (137 views) Add Comment
3 Comments
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1. financial planner said...
Why only 10%?
2. sold 2 rent 1 said...
I would feel bad if I recommended 30-50% and then gold/silver took a tumble.
In the 1970’s gold halved in value over 1-2 years in the middle of its bull run.
Remember gold is a hedge against inflation. What if we slip into a deflationary depression? Which way will gold go then?
IMHO for novice investors 10% should be enough to protect your cash from inflation. For the more adventurous, risk whatever you feel comfortable with.
3. Tara747 said...
OK, I have £3K in a high interest saving account ready for this year's ISA (I always stick it in in early April to maxmimise interest) but I have another £2K there which I want to make the most of, as well as the rest of this year's savings. Any tips?