Culture
Recycles dryer sheets
- Joined
- Apr 15, 2007
- Messages
- 491
I have been wanting to add a small allocation of precious metals (3-5%) to my portfolio for a while. Unfortunately, gold has appeared overpriced to me so I have been unwilling to buy in.
However, I note Vanguard Precious Metals and Mining (i.e. the underlying equities) has been hammered, down about 60-70%. However, gold has not dropped much at all. Obviously to collapse of other commodities (copper, etc) has affected the price.
I bought in today for a 0.5% position. Am I stupid? What do you think? I plan to add an additional 2.5% over the next month or so.
However, I note Vanguard Precious Metals and Mining (i.e. the underlying equities) has been hammered, down about 60-70%. However, gold has not dropped much at all. Obviously to collapse of other commodities (copper, etc) has affected the price.
I bought in today for a 0.5% position. Am I stupid? What do you think? I plan to add an additional 2.5% over the next month or so.