March 2020 - is this the best time to stack silver? Or gold? your thoughts?
- Thread starter mmurasoli
- Start date
long term average, paying off mortgage will be have a better return than gold.
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
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.
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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.
As investments you can do a whole lot better elsewhere.
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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.
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.
bron.suchecki
Well-Known Member
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.
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.
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.
When silver goes exponential some people might be kicking themselves. Wait for it!
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.
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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.
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.
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".
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.
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.
we are almost there !!! 2 weeks drop have come to past, few days to come
then
buy buy buy