My metals come to about 10% of my total assets. About 30% of my equities are in mining stock scattered all around the world.
Since the USA defaulted on the Bretton Woods agreement gold has gone up by just over 8% pa - I’ll take that all day long 
The other thing about metals is that they generally don’t have a counterparty risk, unlike currencies, which are just Ponzi schemes.
Forty percent in any sector reduces diversity significantly. As far as no counterparty risk, one only has to look at the record of Petrobras or even BHP as government find non-movable resource sources as convenient tax increase targets.
It’s one thing to try to hedge against the occasional/rare catastrophic failure of currencies, but another to do so in a way which sub-optimizes portfolio profit while increasing its fragility.
Jeff
I never call fiat money dirty. How dare you.
We do not have enough inflation for it to matter.
Unless you’re the type (trust fund, very wealthy, etc) that doesn’t directly pay their bills by themself, you couldn’t possibly say this after the last 3 years!!! Nearly all our bills (food, electricity, entertainment, etc) are up by 15 to 20% over the last 3 years, some of our bills (insurances, cars, new housing, etc) are up by over 25% over that short period. Us folks who write those “checks” every month KNOW for a fact that there is more than enough inflation recently (after a LONG period of negligible inflation).
I work and my pay is up by 27% plus I changed careers and my overhead is down considerably.
I am also an artist. I shifted that work as well into more a more lucrative area for digital art but the ads need to hit the spot. It has been about four months of trial and error learning marketing techniques for a cost so far of $1100. I settled on a 35 day cost of $420 recently but the trial and error goes on. I may have hit on what to do finally. The sale of the art would dwarf my costs by a massive factor. Facebook advertising is ultra competitive having just a very good ad is not enough. I will have some measure of how successful my new approach will be later today. It has been a steep learning curve.
Wait true to form someone here will say nothing ever works. It will be an ejit who has never done anything like this. Then they will explain it all in full. It will be the greatest work of fiction ever written. An expert will be born in the next person who responds.
Congratulations, that’s great! But most of the rest of us (on this board) are retired and living off of savings, investments, pensions, and social security. And even among the folks who still work, very few have seen such large wage increases over the 3 years of heightened inflation.
Well, whatever I am doing is working fine for me
It is just run of the mill stuff. Most workers are doing better yet.
It is too early for congratulations. If the NFTs sell I’d tuck away a lot of money. We are talking very high six figures after taxes. Assuming they all sold.
The game development is coming along. That market is much easier. Success there would be much larger.
Mark you are too young to be retired.
Dad retired at age 82, mom says she was surprised after he retired. They found out they actually liked each other. She has a wicked sense of humor.
That’s what my kids have been telling me. And my mom told me the same yesterday. But I’m having fun. For example, I’ve been visiting friends and family overseas for a month now. Going home tomorrow.
That’s probably true, but not entirely.
Wages are finally rising faster than inflation
https://www.axios.com/2023/07/12/real-wage-gains-inflation#
* It had ticked higher in May, but before that had been in negative territory for nearly two years, as workers' raises were not enough to keep up with sky-high inflation. * For production and nonsupervisory workers, that number was even stronger, with a 2.2% year-over-year gain in real average hourly earnings.State of play: The question now is whether the labor market will be strong enough to keep real wage gains coming as inflation continues to diminish — potentially enabling workers to catch up with some of the real purchasing power their paychecks lost in 2022.
You should, because if they are converting after the fact, then there is likely a cost to that conversion - a spread - and they most likely are passing that cost along to you.
Ahhh just like if it was converted into any other currency. Yes there are fees for everything and anything.
Andy
But people with terrible credit and plenty of credit card debt paying usury rates on their borrowings are supposed to make the system less burdensome for the rest of us. Banks in love.
Its very important to learn about how to invest in gold to beat the inflation. Its better to judge before authentic and up to date gold price.
This thread-necromancy (last post was more than half a year ago) and the one other post you have made since joining today read like botspam generated by AI. Reported.
