Long Position on Silver and Gold?

[brutal]

My silver is a hedge against inflation and for SHTF.

Regardless of debt load, investments in PM should be ~10% of your total investment portfolio. If I lost EVERYTHING on paper, my debt would go away but I would still have my PM's, guns, ammo, preps and my dignity.

[MrPrena]

That extra liquid cash would be better spent on debt you are paying interest on then on silver you are paying a premium to buy (which may or may not go up in value, which is going to have to be 15% to break even). Put that money on your car or house note.

My silver is a hedge against inflation and for SHTF.

Regardless of debt load, investments in PM should be ~10% of your total investment portfolio. If I lost EVERYTHING on paper, my debt would go away but I would still have my PM's, guns, ammo, preps and my dignity.

+1 I do have some Ag and Au from when i was little kid collecting coins. It is a great way to hedge against inflation being fact that gold and gold etfs are negative beta.
I also agree about 15% prem. I don't think the coin collector, precious metal places will give me 15% prem for a SELL order either.
I have nothing against Mercantile Exchange,CME guys, PM investors. I just prefer investing in securities during BULL AND BEAR market.

Im pretty sure we will be seeing 15$ silver soon and then down to the 10$-12$ mark. Im in big when it goes below 15$.

Due to rising in USD respect to EUR, YEN, and some other currencies, we might have more dip in some of commodities and PM. I dont know about 10-12 , but $15 Ag is possible after fed stop the easing.

[rbeau30]

The more it goes down fake or not. The more I can buy with my fiat currency promises.

[rbeau30]

Ugh... should I buy today or wait till tomorrow... LOL

[Sawin]

why not buy 1/2 today and 1/2 tomorrow?

[rbeau30]

why not buy 1/2 today and 1/2 tomorrow?

Good idea. But I don't make these big purchases like all these high rollers so I would get hit with 2 shipping fees. This is just my monthly buy.

Good thing I didn't buy 10 minutes ago it is cheaper now. :-D

Maybe I should wait until 1/10 oz eagles are $100

[roberth]

The more it goes down fake or not. The more I can buy with my fiat currency promises.

Yes, because we're smart and take possession immediately.

[rbeau30]

eh, screw it... It dipped below $17 an ounce, got some ASEs for $20.13 each.

[bogie]

Ag has dropped on average over 8 cents a day in September with no sign of slowing. Anybody want to call the next bottom? I've heard rumblings of $15/oz.

the faster it drops, the quicker I'll be buying. Especially with Ebola on our doorstep!

[rbeau30]

Ag has dropped on average over 8 cents a day in September with no sign of slowing. Anybody want to call the next bottom? I've heard rumblings of $15/oz.

the faster it drops, the quicker I'll be buying. Especially with Ebola on our doorstep!

I buy a certain percentage of my paycheck. While it goes down I have been happy to get more PMs for my dollar. It is almost like it is "On sale".

If I have extra money I'll buy an extra ASE or AGE while they are cheap.


I still feel better socking away money in PMs than floating around as electrons in a 401k or IRA. BUT I have both PM's and retirement accounts. At first sign of real trouble, I'll borrow from 401 and buy PMs as a contingency. As for PMs tanking and being worth nothing? ya right.