Is it Jim?
Let me postulate something for you in an approximate way.
You get a bad blood test, then you get bad scans, and find yourself with an aggressive form of cancer.
To live, it's going to take $100,000.00 cash. Not an unreasonable request for a "Proton radiation" treatment.
Do you really want to have to load your trunk with firearms, desperately seeking someone to give you fair investment return?
Hard assets are illiquid at anything close to their fair market value.
Gold has been an anomaly I will admit.
But buildings, guns, cars, paintings, furniture, are an absolute [censored] to get rid of when you need a big pile of money in a hurry.
I never said above one should
all their portfolio into illiquid assets. I keep myself liquid in case an opportunity arises to buy a firearm at a good price. But only putting 5% into other than liquid assets* IMO isn't reasonable either. As a matter of fact I'd like to hear from someone on this board who has followed the "5% or less advice idea".
*I also fully understand that the Government won't even let anyone put assets such as collectibles into an IRA to begin with so they don't consider these retirement assets anyway.
Oh and BTW: I have to the best of my knowledge
never lost money on the firearms I bought and sold as collectibles and that has been over a 40 year span. I wish I could say the same about my 401 account.
Jim
