5,000oz silver and 100oz gold for me (phys and unallocated). Plan to start watching the GSR to swap in out and increase ounces in both. $2k per annum will get you a bullion safe in Guardian Vaults to keep that PITA silver "safe".
Nice target, but for my personal preference this is weighted too far toward silver. Initial target for me is 1000oz silver and 100oz gold.
Forget about what others think. Its your money, your goals & your life. If you want a number, how about 42? 42 ounces put aside for yourself and each of your loved ones... then move on and spend/ prep elsewhere.
As I only collect fifties, I'm looking at 80% silver, 20% copper. I disagree with the comment about the quality of the stack. I doubt if premiums will double if silver doubles.
Agree, but it is a good idea to have some high premium. About 40 percent of mine is unallocated looking to increase that. Moved away from the 100 percent physical mindset. When you start to look at storage for large amounts it's a mega pain. Unless your a bond villan and have ur own private vault.
Big enough that it will make a difference if the price goes up but small enough that it won't make a difference if the price goes down
I agree. If/when that looming huge global financial crash comes and silver price goes up 3x - 10x or more will premiums do the same? Nope. That's why I only buy low premium bars. However I can see in the trading section here that there is good money to be made in buying/selling high premium rare bars. But I only stack silver for the bad times coming. So high premiums are not for me. Each to their own I guess. .
For every gram of platinum there is 10 grams of gold and for every gram of gold there is 10 grams of silver. so my aim is 100 grams of platinum 1 kilo of gold and 10 kilos of silver. just so theoretically they all have the same value.
Hasn't happened in 100 years, just two half arsed attempts that blew up on the lunch pad, but yeah, you know, it's just around the corner
^^^ This. Like any responsible gambling Same question could be asked of anything of considered value that may appreciate. For example how many bottles of red wine should I cellar away for the future to make a quid? If times get really tough I am sure a supurb vintage red could be traded just as easily as anything else to the right buyer...if the corkscrew doesn't get there first
I think it's fair to say the level of debt and money creation we haven't seen in 100 years also so anything is possible. Still, see it for what it is. Hedge/preservation of wealth first, speculate second.
Silver wrong make you rich... Ever. It will give you some play money though. 1000oz at $100/oz only equals $100000. A nice house deposit but not exactly rolling in it. I don't believe it will get that high though.
I think in the next 5 years we will see triple digits. What a loaf of bread costs at that point who the hell knows. Hedge first, then speculate.
After the 2008 financial crash silver went to $49 and the next crash will be FAR FAR worse then the 2008 crash because world debt is NOT declining but growing exponentially. Can you show a chart in the last 100 years when world debt was this bad??? It's a ticking time bomb and printing money will only prop it up for so long, which is not long. And financial experts are saying the next crash is going to be far worse, soon and a certainty. But I don't need an expert to tell me this is going to happen, I can see it. And when this happens where do you think the price of silver will go to??? I expect at least $100+
That may be gilding the lilly a little? That's not how I read it? :/ Silver dropped like a rock with the DJIA in 2008 to $10'ish. 3 years later, when the worlds problems were long forgotten, and the DJIA had recovered to over 10000, silver decided to make a high.
My idea of my decent stack is as much currency converted into silver or gold as long as property stocks and business is risky as is. If you have AUD50.000 why not put all in silver and gold, unless you found another investment so you need the cash urgently. Also does anyone know best value, established vault in Sydney for storing silver? Sorry this might not be the topic regarding that. I would appreciate any recommendations. Thanks!
The reason precious metals mad a run in 2010-2011 was simply because of the "fear" of rising inflation or hyper inflation due to quantitative easing in the United States. When inflation failed to appear the run on precious metals ran out of steam and started its descent in 2012. However, the inflation did appear, in the stock markets and housing markets. So - if the precious metals rose so high on the "possibility" of inflation, I wonder what will happen when real inflation hits and the inflated stock market and housing markets burst. All this happening at the same time as nil global growth, low job growth, high household debt and wage stagnation? I think the central banks will be raising interest rates so fast your head will spin in an attempt to slow it down. Foreign investment in housing will stop, Australian house prices will fall like a stone, and precious metals will be in strong growth....... Its not going to end well!
