Quotations by Michael Maloney
Precious metals essentially eliminate the middleman. They are the only financial assets that do not have to be “in” the financial system. [2008] - Michael Maloney
Because physical metals are such an incredibly safe, no-brainer investment, they have made up at lease 50 percent to 70 percent of the allocation in the portfolios that I control. Roughly 20 percent to 40 percent is allocated to precious metals stocks, 5 percent to 10 percent is divided between energy stocks and stocks in other commodities, and the remaining 5 percent is cash. I store a good portion in various security storage locations in the U.S and then the rest in an offshore account. [2008] - Michael Maloney
Large-cap mining stocks actually offer more safety and less risk than mutual funds. [2008] - Michael Maloney
I’m heavily biased toward silver. The mixture of physical metals that I prefer for the at home portion of my physical allocation is 10 percent to 50 percent gold, and 50 percent to 90 percent silver. The quantity you keep at home depends on the size of your investment, but it’s typically somewhere between 3 to 100 ounces of gold, and 100 to 10,000 ounces of silver. Always buy 0.999 fine silver. [2008] - Michael Maloney