Monday, February 21, 2011

Going All In On Silver And Gold?

I see many bears (or people who are just bearish on our economy and the fed money printing) are putting 100% of their portfolio in gold and silver stocks and ETFs.

First of all, that's bad asset allocation no matter how you look at it or how confident you are on the investment. Secondly, if things are as gruesome as the bears say, gold and silver could get confiscated at any time.

Just a government announcement could easily drop GLD and SLV over 50-80% overnite, in my opinion.

Be careful out there.

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