Quote:
|
Originally Posted by willravel
Obviously you don't keep everything in gold. I'd still have about $80k to play around within the bank. I'm still planning this myself, btw.
You mean before I was born?
|
Yeah. I agree that gold is a good addition to balanced holdings; I just didn't see how it applied to the OP's needs. Gold is good as an inverse performer to stocks, just like bonds.
I would only hold a lot of cash during a bear cycle. Like now.
Thanks for the link. I'd love to have some actual gold stashed away. Seriously. But all I have now is debt.
I am what they call: "Know-how, no cow."
__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 12-29-2007 at 10:02 PM..
|