Gold and Precious Metals

Question: What percentage of my portfolio should consist of gold and/or other precious metals?

Answer: I wouldn't recommend more than 10% in gold or silver. When purchasing .999 bars or coins ($20 gold pieces are a good choice), I highly recommend calling a few coin dealers to get the best price over spot. Be sure to ask for the buy and sell prices if you want to liquidate. The dealer with the smallest spread is where to purchase. Unless you have years of expertise, don't buy "rare" coins; instead, buy common gold pieces at the least increment over the spot price of gold.