I just purchased a few APMEX 1oz Silver Lunar Horse bars. My spare cash is better spent buying up things like silver vs. Cigars and expensive booze. Who am I kidding...! I'm going to still buy the cigars.
Warren Buffet has something to say about buying assets when people are freaking. Most of the time the guy is spot on. I just made a little pile of Christmas spending money on an investment that at 1st glance appeared to be a heaping pile. DD is the key!
There's a huge amount of economic and geo political uncertainty in the world today. China and Japan could go nuts, China and SE Asia could get into some sort of fight and North Korea could blow up. (What happens to world trade in the Pacific if the above happens?) Not to mention the fact that Russia is sitting out there waiting for and most likely causing trouble. Then you have huge economic issues in every major economy in the world. Something has to give in the next few years. In my view this is a good time to start building my pile. I hope the prices keep going down.
In the end I will still be left with a pile of pretty Christmas ornaments that my family can enjoy or have some huge upside if everything goes into the toilet. I'm good either way.