I don’t even want to think about the market bloodbath that is going on these last few days. If there’s any bright spot, it would be that now is the opportunity to buy since everything is ‘on sale’.
However…….
I’m hedging my bets. I normally throw my weekly dividends back into more equities. No longer. I’ll be pulling a large chunk of those dividends out each week and dumping them into physical silver and gold. Why? Well, mostly because silver and gold dont throw 5-10% losses every day for several successive days…at least not lately.
Oh, I’ll still keep buying the equities, but at least half of that money is going into silver and gold.
I hope you are keeping your property fund in cash or something close to it so you can jump on the right property when it comes along without having to sell anything at a loss.
I keep seeing the talking heads on YT talk about some magical silver breakout. I keep waiting for it. Meanwhile I’m buying the dip.
Pete, having PMs is not a problem. Back in the early 1930s gold was illegal to own. Feds wanted it all turned in at twenty dollars/oz. After collecting most they raised the price to forty dollars/oz. My Grandfather dd not turn his in. He bought about 500 acres of prime farm land in 1937 from a guy he knew that preferred metal over paper. He got a lot more land with that metal than he would have gotten with paper money. You might be surprised just how many people would take PMs over paper.
This reminds me of a saying usually applied to fruit trees: the best time to acquire them was 20 years ago. The next best time is today.
So which is more likely…
The Dear Leader with his decades of business success is playing 4D chess with his tariffs or.
He is a dementia riddled moron.
OVER 6 TRILLION WIPED OUT IN UNDER 48 HOURS.
Really looking forward to the 4 mile military parade for Cadet bone spurs birthday. Calling it now. he will have a banana republic uniform on.
Wait, I thought Biden was the dementia riddled moron?
Biden being too old and having questionable cognitive abilities doesn’t mean Trump isn’t also too old and with questionable cognitive abilities.
The man is a buffoon who bankrupted a casino. He is using chat GPT to make a tariff scheme that is destroying our economy.
Silver seems like a pretty good deal these days.
A retirement aged relative has shifted all his new investments to silver and gold.
I’m sticking with equities because I’ve got a long timeline.
Are you building to maintain a certain percentage of your liquid wealth in PM’s or just stacking?
There’s a baseline amount of metal I want on hand. Once that level is reached, I’ll let my foot off the gas and adjust the dial to ‘trickle’ in more on a weekly basis…maybe just a few ounces a week.