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How much gold is enough gold?

Richard Russell, Glenn Dobbs, Doug Casey, Mary Anne and Pamela Aden, Adrian Day, David Morgan


Why Gold? Why Now? DVD ProgramFor a free copy of the complete "Why Gold Why Now" DVD program please speak to a Monex Account Representative by calling 1-800-444-8317. This fascinating program features more than a dozen financial experts including well-respected economists, market advisors and commentators, best-selling authors and even a former presidential candidate, who explore the looming economic crisis and along with sharing their forecasts and recommendations. When you discover what is presented in this concise 51 minute program, you'll see why we here at Monex believe it is urgent to consider diversification with precious metals.

IMPORTANT NOTE: The information presented in these video clips is solely a highlight of the opinion of a third-party and is incomplete. Please visit the website and/or subscribe to the publication for the full and timely opinion of the individual and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Video Transcript

Host: So the question is how much gold is enough gold for you and your family? We asked our respected analysts this very question.

Richard Russell: One of the big questions, even in my mind, is how much gold versus the liquidity should you own? Five years from now, I might say, "I wish I had everything in gold." Personally, I don't mind owning a lot of gold up to 30% or 40% of my liquid wealth, but for the average person I think they should own at least 10% to 15%.

Glen Dobbs: I believe that today, I would recommend that people put half of their investment portfolio in gold. The risks of being in the more conventional investments far out way the potential benefits or the profits that could accrue there from.

Doug Casey: Somebody's got liquid assets; most of it ought to be in gold and silver. I know that sounds completely outrageous, but that's the way I feel about it. I've felt that way about it for several years. I'm fairly confident that I'm going to feel that way about it for 3 or 4 or 5 or 6 years to come.

Mary Anne Aden: In these times, it truly is an insurance policy and it's something to offset the uncertainty we're seeing in the world and the things that are happening.

Pamela Aden: It's something that should be in everyone's portfolio, even if it's a small amount.

Michael Carabini: When people look at their core position in gold and having 10% it does give them the confidence, the insurance, the real foundation of their portfolio, but what they do then look at is, how can I profit from that position? Well, when times are very attractive for gold and gold moves dramatically to the upside, they need to have something that they can sell. Now what we're talking about is an opportunity position, not just 10%, but 20% or 30% of a portfolio.

Adrian Day: I think people need at least 5% and probably more like 10% in what I would call, "Permanent," in a long-term core permanent holdings of gold. That's a lot higher than some people say. That's in addition to a long-term investment in gold, which might be another 5% or 10%, but a 10% permanent core position. It's just like an insurance policy, you know, you don't even think about selling it; you just add to it. Never sell it.

David Morgan: I believe that 10% is the minimum holding for the average person and I'm asking people to put as much as 20% into the metals, because of the current monetary situation. Now, whether you agree with that or not, that's your choice. So what can the average person do? One, they can do their own due diligence and make sure they're comfortable with the aspects of the monetary system that we talked about. Once they determine that for themselves, they must take action. The action they can take is very simple. It's easy to buy gold and silver than it is to open a stock brokerage account. It's easy to buy gold and silver than it is to open up and get a bond. It's easier to buy gold and silver than to do a real estate transaction. Yet almost everybody in this country is familiar with all three of those, but don't have a clue on how to buy gold and silver and that's what they must do. They must protect their assets. They must get that store of value. They must get that bedrock in their portfolio.