Hi Guys, Just wondering if you guys think my stack is ok or not. I have some gold and more silver. Do you think this is enough when the crisis comes so I can buy a house straight out? I plan on stacking more I want to get up to 1000 ounces of silver. Any advice I'd appreciate it. Thanks.
Advice - don't disclose publicly how much you own That said, I would look to the Bullion Baron blog on Australian housing to see where the bottoms have been in the past for Australian housing values against gold and silver.
I think it's enough - for now. But keep stacking. And whatever you do, keep it quiet and well-hidden! Don't go boasting about what you have. You make yourself a target for anyone looking to get rich at your expense. Wives and best friends have a way of becoming ex-wives and ex-friends - the kinds of people who will do their level best to clean you out. So keep quiet about it!
probably because in 1980 silver peaked around $48 per oz and $48k would buy a pretty good house in 1980. So yes, you could have bought a house for 1000 ounces of silver - or 60 ounces of gold. Now if we just get another set of Hunt brothers to produce the same conditions again - AND you are able to time your sell silver/buy house at the absolute peak.... .... possible but highly unlikely. And you don't know when it might happen - could be another 20 years.... hell of a long time to be waiting to buy a house.
Agreed that housing and big ticket items will deflate substantially. However, when I consider the known global oil reserves, it will certainly not be because of the peak oil fallacy.
1st house we bought on the outskirts of Melbourne in January 1981 cost $40,000. One year old, 3 bedroom, ensuite, hardwood timber floors, 14.25 sqs.
