I've noticed it and remember that I don't invest in things that don't include income. That has kept me from investing in gold and crypto. I have been successful without those investments. Congrats to those that own gold for now.
keep in mind that for about the last 25 years a portfolio of equities and gold have beaten equities and bonds over almost every time frame with few exceptions
I notice that Silver has taken a big jump as well. What's going on?
Inflation part 2. WW Part 3? Absolutely no fiscal control. Craziness in general. While Gold is hitting new highs, Silver is a long way away from its high of almost $50/ounce. Gold and Silver miners are also quite a bit from their all time highs. One could take this as a negative or that they also have a lot of room to run.
I have about 5.5% of my investment stash in PM's as of EOY 2023, some in ETF form and some in physical. A little higher (maybe 6%) if you include gold and silver miners. [I don't look at asset allocations every month due to the hassle of figuring it out over multiple accounts.]
My "plan" is that I never sell any of it, and never "need" any of it.
Yeah, some cash on hand is a good idea - especially if your electric power is "iffy." Some of our grocery stores are set up to take cash when the power (inevitably) goes out. YMMVSilver has been up some the last few months too, I don't really buy it much, but once a year or so, I will buy a few oz of silver. Always nice to have something I can store and if I need quick cash I could go sell it at a local coin shop.
My plan has always been to leave a treasure map after I die as part of my funeral, and give away my silver to the people who show up to pay their respects.
I will have a contingency clause in the will, that my lawyer who is to be present at the funeral will copy down the names/addresses of those in attendance to deliver a portion split as equally as possible for those in attendance.
The real bulk of the silver will be kept at a bank.
The actual chest I hide will just have a note explaining this and a least one oz of silver as a token bonus prize to the first person who finds the box.
My grandfather taught me to always keep at least $100 in cash in your wallet, and roughly the same amount stashed in your car, and at least $1,000.00 in cash hidden around your home.