So I have a large tax return coming in the next couple of months and I have about 5 thousand allocated for pm purchases. Should I wait until October or make several smaller purchases equal to 5 thousand on my line of credit during price drops and then put the whole tax return on the debt and pay it off when I get the cheque. I know burrowing to buy pms is risky however I know that I will be getting the money to pay the loan before the end of the year. The interest rate is only 4 percent and I'm concerned that if I wait gold and silver prices will rise much more than the interest I'll pay. I don't want to get my cheque and be kicking myself that I didn't buy earlier.
A personal view, if you are as pessimistic as I am on the future, buy now, no matter what the fluctuations may be. You will laugh at them x years. JMNHO. OC
Why ask for feedback. Do what your heart & gut tells you. What is the point of asking people on a PM forum. If you feel in your heart & guts what is right, do not get confussed with other's words. Enjoy your journey & go with what feels right for you.
I would buy on price drops - you will get the money to pay it off in October so it shouldn't be a worry. If pms are going to crash it will be this coming week. If not they will sky-rocket! Only a gut feeling..........
