The specific amount of your portfolio that should be dedicated to precious metals varies depending on your circumstances. Some people may do well with up to 20% of their investments in precious metals; however, others may do better with just 1%. That said, many so-called “experts” recommend investing in stocks, with an investment of 30 to 40% in precious metals. It is generally said that between 10 and 20% of that amount should be in gold and silver each, although that depends on you.
This assignment may be a little more confusing if platinum, palladium and other metals are also considered. As a result, many experts recommend a precious metals portfolio that ideally consists of 75% gold and 25% silver. This is because the price of silver tends to be more volatile than that of gold and will therefore have a greater impact on the value of your precious metals portfolio as its price fluctuates. There are many ways to buy precious metals such as gold, silver and platinum, and a number of good reasons why you should give in to the treasure hunt.
So, if you're just starting out with precious metals, read on to learn more about how they work and how you can invest in them.