March 2020 - is this the best time to stack silver? Or gold? your thoughts?

Discussion in 'Silver' started by mmurasoli, Feb 27, 2020.

  1. Ag bullet

    Ag bullet Well-Known Member

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    so i shouldn't stack gold until i pay off my house in 15 years time? what will the price be then?
    everything in moderation. pay off debt and stack gold.
     
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    long term average, paying off mortgage will be have a better return than gold.
     
  3. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    For me, someone who’s in a position to buy their first property but is intentionally sitting on the sidelines until prices correct themselves, gold is a clear winner. I have no debt, 6 months emergency fund (hospitality is my career, and although I’m a senior manager at a very busy establishment, you never know!), and enough saved separately for a 20% deposit. So I’m in a good position right now to buy gold IMO. It’s just another way of saving money for me, and unlike my banks savings account interest rate, is actually beating inflation considerably at the moment :cool:
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold at $1650-$1700 may still rise in the medium term but is no longer cheap, especially when compared to other commodities such as silver, pt and oil. But at the same time, I won't be jumping into silver. I might scoop up some oil dividend stocks. I like to buy stuff that is below cost of production - oil and platinum at the moment. I can hold for 10 years or more so my strategy might not work for everyone. Overall, I'll be careful with any purchases, buying only a little at a time, don't want a heart attack.
     
    Last edited: Mar 10, 2020
  5. Tennessee

    Tennessee Member

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    I view silver and gold as insurance. Silver is insurance against some sort of monetary collapse where it may become a means of exchange to buy day to day items. Gold might be used to buy higher ticket assets. Gold has historically be use as a preservation of wealth. I also don't think of gold and silver so much in dollar terms, but in purchasing power. In a monetary collapse the may be no more dollar. So whether silver is $13 or $18 doesn't matter so much if in a SHTF scenario it has the equivalent purchasing power of $100.
    As investments you can do a whole lot better elsewhere.
     
    Last edited: Mar 10, 2020
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  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Low oil price will crush America
     
  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    To some people like me, buying metals is like a savings account.
    I would recommend to to anyone that saving a percentage of income is always smart. You dont need a reason for that.
    Dont wait 15 or 20 years after everything else is paid off, save at the same time. It doesnt have to be all or nothing.
     
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  8. bron.suchecki

    bron.suchecki Well-Known Member

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    If you are saving for a house, doing so in gold will let you keep up with house prices, compared to just saving cash which isn't paying anything these days.

    [​IMG]
     
  9. alor

    alor Well-Known Member Silver Stacker

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    so long as you have storage, oil would be a great way to keep, if it does not go up in price, it can always go up in smoke.
    GO UP remember that

    since most people have their TP, any market melt down would have little impact on the back end. Melt down on interest rates.

    so both ends your protection are well done

    some people stuff their back end with 100g gold nuggets, risking confiscations and news publications
    :)

    choose wisely

    imagine trying to hide a 5kg silver bar behind, for a 30 feet giant may be.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    When silver goes exponential some people might be kicking themselves. Wait for it!
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    No need to store the oil when you can keep it underground. Just print money and buy over the oil fields. It wasn't too long ago, the Fed printed like half trillion and bought over the financial "bad debts". In the end, when the market recovered, they even sold it for a profit.

    The house always wins.

    But eventually oil will be redundant, no matter how you play it, the price will still go to zero in less than 30 years. Or maybe less than zero - you may need to pay people to take it away.
     
    Last edited: Mar 12, 2020
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    The great squanderer in chief will bail them out for now I bet.
    If he isnt adding more zeros to our national debt then he isnt happy.
    Trillion is the new million and we all know that his budbros are too big to fail. I've never even heard of a trillion until the last few years!
    Happy maga.
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Why not? Think about the benefits.

    1. Less messing around in the ME - this will save a tremendous amount of $$$ over a 10 year period, not to mention "boots".
    2. Oil industry creates domestic jobs.
    3. Less money for "terrorists" and the "enemy".
     
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    They will either let the oil companies fail or will bail them out.
    Cutting the regs, red tape or taxes wont be an option.
    With the way they have let our jobs go it makes me think they may put us on all foreign dependency. Another step in bringing America down further.
     
  15. alor

    alor Well-Known Member Silver Stacker

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    to kick start the world manufacturing engine, oil needs its price sacrifice
    Wuhan closed few makeshift hospitals...work would start again
     
  16. alor

    alor Well-Known Member Silver Stacker

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    we are almost there !!! 2 weeks drop have come to past, few days to come

    then

    buy buy buy
     
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