Discussion in 'General Precious Metals Discussion' started by forgedinfire, Apr 21, 2020.
All the above.
In that case I'd go a 50/50ish split. Maybe 70/30 at most if you think one will outperform the other, but no way I'd ever put all my eggs in the one metal basket.
And I'm with others on cash, always have some on hand for buying dips. And never deplete your cash reserves fully, as you can't buy food with metal.
Silver, gold, cash
Cash silver & gold for me
In the times of war you can...
All of these responses pretty much sum it up
There is no right or wrong answer, and these mixed responses prove that because nobody knows what the future holds
Just go with what you think best suits your own individual needs/lifestyle/thoughts etc
All cashed up at the moment. Just sold short term ASX puts for 100% profit. Will keep playing that game till silver goes sub $10(US), then all in silver. Hopefully still possible to buy Perth Mint unallocated at that stage as I don't think Bullion dealer physical will be available.
GOLD... GOLD... GOLD!!!!
I probably should have included that as an option
100:1 silver to gold for me. Silver has much more upside potential but switching it to gold is my ultimate goal down the road.
I'm not buying any now just saving cash.
Not sure about my job from day to day now and work might not last the summer.
Having no debt will be key in this downturn so I'm good there.
Even if spot drops again I wouldnt count on cheap premiums. It probably will be even higher next time with less supply to chase after.
I will go for cash, getting ready for undervalued items including metals.
My cash extra... it should be in my hand not in any bank deposits.
I have been selling gold since March to get cash... then buy stocks. Doesn't seem worth selling silver since prices are down. Then I sell other stuff or squeeze my paychecks to buy more stocks. Cash is always king to take advantage of distressed asset classes (stocks and REITs right now... probably real estate and many other things soon).
I went to buy a few ATB silver 5oz and the premiums are insane. I don't know why anyone buys PMs in crisis times, but good for the silver bullion dealers that they can make some serious markup right now.
12 months ago - Silver
Last 4 Months - Gold
Now - Cash ( Due to employment concerns )
Should the question not include an allocation to crypto/bitcoin for those who are interested in that space? Cash, silver, gold, bitcoin?
Yeah I suppose it could, I guess it's just not something I've ever been that convinced by so it didn't even enter my frame of mind.
Are you saying you don't hold any fiat within the bank, only physical cash? I have a bit of both, just not sure if they would do anything extreme like banning the use of physical cash due to covid spread concerns.
Take care, it’s going to be a long way. I’ve been warning about this since the HK riots began. The downtown has only just started. People are still belittling the virus. They don’t know there are many stains and it is mutating.
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