Afford Anything Q&A: Who Actually Makes Money From Gold and Silver These Days?
17 snips
Apr 29, 2025 Is investing in gold and silver a smart move or a risky gamble? The hosts dive into the nuances of precious metal investments, reflecting on market dynamics and potential pitfalls. They address the complexity of saving for college and when to ease up on those contributions. Retirement strategies are also on the table, questioning the relevance of the 4% rule for those with pensions. With humor and real-world examples, they empower listeners to face their financial fears and build resilient strategies.
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Use Gold and Silver Sparingly
- Limit your gold and silver allocation to a very small portion of your portfolio, ideally under 5%.
- Keep precious metals in secure storage, not at home, to avoid security risks.
Gold Holds Value, Stocks Grow It
- Gold and silver store value over very long periods but don’t typically outpace inflation.
- Stocks and real estate consistently beat inflation and are better for long-term growth.
Saving Too Much for College?
- Diana saved $600 a month per child in 529s, amassing significant funds early.
- Some college costs are transfers of existing expenses, so balancing contributions and goals is crucial.
